Retirement plan

SEVENSTAR 401(K) PLAN

Name: SEVENSTAR YACHT TRANSPORT USA AGENCIES, LLC DBA DYT TRANSPORT - SEVENSTAR 401(K) PLAN (2022) Form 5500
Creator: SEVENSTAR YACHT TRANSPORT USA AGENCIES, LLC DBA DYT TRANSPORT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEVENSTAR 401(K) PLAN, SEVENSTAR YACHT TRANSPORT USA AGENCIES, LLC DBA DYT TRANSPORT

SEVENSTAR YACHT TRANSPORT USA AGENCIES, LLC DBA DYT TRANSPORTEIN 46-3864653Plan #001PY 2022

1535 SE 17TH STREET, #200 - FORT LAUDERDALE, FL 33316954-525-8707

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$598K

-1.4% from 2021

Total participants

-13.3% from 2021

Average account balance

$66,431

-45.2% from 2021

Annual return

-10.32%

-19.69 pp from 2021

Benchmarks

See 8,687 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort8,687 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.06M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$145K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2939

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$66,431

$82,314-19.3%

$68,808-3.5%

$134,532-50.6%

Participation rate

63.6%

75.1%-11.4pp

69.0%-5.4pp

81.2%-17.6pp

Annual return

-10.32%

-2.18%-8.1pp

-6.37%-4.0pp

418.27%-428.6pp

Employer contribution / active EE

$1,933

$3,301-41.4%

$2,656-27.2%

$4,741-59.2%

Participant deferral / active EE

$3,008

$4,740-36.5%

$3,942-23.7%

$6,401-53.0%

Admin fee / account holder

$6,484-100.0%

$4,936-100.0%

$11,429-100.0%

SEVENSTAR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SEVENSTAR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion