Retirement plan

GRAND PORTAGE-ISLE ROYALE TRANSPORTATION LINE, INC. 401(K) PLAN

Name: GRAND PORTAGE-ISLE ROYALE TRANSPORTATION LINE, INC. - GRAND PORTAGE-ISLE ROYALE TRANSPORTATION LINE, INC. 401(K) PLAN (2020) Form 5500
Creator: GRAND PORTAGE-ISLE ROYALE TRANSPORTATION LINE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRAND PORTAGE-ISLE ROYALE TRANSPORTATION LINE, INC. 401(K) PLAN, GRAND PORTAGE-ISLE ROYALE TRANSPORTATION LINE, INC.

GRAND PORTAGE-ISLE ROYALE TRANSPORTATION LINE, INC.EIN 41-0913530Plan #001PY 2020

P.O. BOX 10529 - WHITE BEAR LAKE, MN 55110651-402-4554LinkedIn1-10 employeesmaritime

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$254K

+40.8% from 2019

Total participants

-12.5% from 2019

Average account balance

$36,292

+60.9% from 2019

Annual return

17.64%

-4.27 pp from 2019

Benchmarks

See 6,938 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort6,938 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$593K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$66K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.36%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$498

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$2K

$544 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.857%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,292

$102,638-64.6%

$81,991-55.7%

$158,966-77.2%

Participation rate

100.0%

75.5%+24.5pp

69.3%+30.7pp

82.0%+18.0pp

Annual return

17.64%

61.05%-43.4pp

41.31%-23.7pp

302.95%-285.3pp

Employer contribution / active EE

$1,653

$3,241-49.0%

$2,498-33.8%

$4,762-65.3%

Participant deferral / active EE

$8,788

$4,649+89.0%

$3,722+136.1%

$5,983+46.9%

Admin fee / account holder

$311

$8,237-96.2%

$5,665-94.5%

$11,250-97.2%

GRAND PORTAGE-ISLE ROYALE TRANSPORTATION LINE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRAND PORTAGE-ISLE ROYALE TRANSPORTATION LINE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion