Retirement plan

OSAGE MARINES SERVICES, INC 401(K) RETIREMENT SAVINGS PLAN

Name: OSAGE MARINES SERVICES, INC. - OSAGE MARINES SERVICES, INC 401(K) RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: OSAGE MARINES SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OSAGE MARINES SERVICES, INC 401(K) RETIREMENT SAVINGS PLAN, OSAGE MARINES SERVICES, INC.

OSAGE MARINES SERVICES, INC.EIN 43-1847221Plan #001PY 2017

750 EAST DAVIS STREET - ST. LOUIS, MO 63111314-421-3575

Prospect flagsLow returnsHigh feesHigh cash

How to read this page

Total assets (EOY)

$12M

+6.0% from 2016

Total participants

154

+7.7% from 2016

Average account balance

$85,948

+1.5% from 2016

Annual return

12.95%

+4.25 pp from 2016

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.45M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

118

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.

110.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11057

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
PARADIGM FINANCIAL ADVISORS3+ years Filed as: PARADIGM FINANCIAL ADVISORS, LLC Service code 27 · EIN 43-1782781	Advisory (Plan)	$44,039
THE VANGUARD GROUP, INC.3+ years Service code 15 · EIN 23-1945930	Recordkeeping	$15,389

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$59K

$487 / participant

Investment mgmt$44K74.1%
Contract admin$15K25.9%

% of EOY assets

0.494%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BROWN SMITH WALLACE
Auditor EIN: 431001367
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,948

$46,297+85.6%

$71,671+19.9%

$62,293+38.0%

Participation rate

88.5%

60.6%+27.9pp

68.7%+19.8pp

69.5%+19.0pp

Annual return

12.95%

22.32%-9.4pp

20.65%-7.7pp

28.90%-15.9pp

Employer contribution / active EE

$1,652

$1,412+17.0%

$2,460-32.8%

$2,042-19.1%

Participant deferral / active EE

$3,797

$2,235+69.9%

$3,438+10.4%

$3,169+19.8%

Admin fee / account holder

$424

$461-7.8%

$5,558-92.4%

$479-11.4%

Provider

Service type

Compensation

PARADIGM FINANCIAL ADVISORS3+ years

Filed as: PARADIGM FINANCIAL ADVISORS, LLC

Service code 27 · EIN 43-1782781

Advisory (Plan)

$44,039

THE VANGUARD GROUP, INC.3+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$15,389

OSAGE MARINES SERVICES, INC 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OSAGE MARINES SERVICES, INC 401(K) RETIREMENT SAVINGS 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