Retirement plan

SEATRAN MARINE, LLC 401(K) PLAN

Name: SEATRAN MARINE, LLC - SEATRAN MARINE, LLC 401(K) PLAN (2015) Form 5500
Creator: SEATRAN MARINE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEATRAN MARINE, LLC 401(K) PLAN, SEATRAN MARINE, LLC

SEATRAN MARINE, LLCEIN 46-5409193Plan #001PY 2015

107 HWY 90 W - NEW IBERIA, LA 70560985-631-9004seatranmarine.comLinkedIn51-200 employeesmaritime

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.1M

No prior year

Total participants

117

No prior year

Average account balance

$35,299

No prior year

Annual return

1.20%

No prior year

Benchmarks

See 938 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort938 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$769K

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

35.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$53K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2654

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

Top 2 by compensation

Provider	Service type	Compensation
NORTHWEST PLAN SERVICES, INC.1+ years Service code 15 · EIN 91-2090931 5446 CALIFORNIA AVE SW · SEATTLE, WA 98136	Recordkeeping	$10,210
WILMINGTON TRUST1+ years Filed as: WILMINGTON TRUST FIDUCIARY SER CO Service code 72 · EIN 22-2704960 1100 N MARKET ST · WILMINGTON, DE 19890	Other investment fees and expenses	$6,489

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

$21K

$188 / participant

Investment mgmt$11K52.3%
Contract admin$10K47.7%

% of EOY assets

1.956%

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: ARSEMENT, REED & MORELLA, LLC
Auditor EIN: 912090931
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,299

$46,745-24.5%

$60,547-41.7%

$52,331-32.5%

Participation rate

24.6%

58.6%-34.0pp

68.0%-43.4pp

68.1%-43.5pp

Annual return

1.20%

0.61%+0.6pp

335.64%-334.4pp

4.54%-3.3pp

Employer contribution / active EE

$720

$1,259-42.8%

$2,419-70.2%

$1,882-61.7%

Participant deferral / active EE

$1,009

$2,145-53.0%

$3,328-69.7%

$3,022-66.6%

Admin fee / account holder

$691

$537+28.6%

$4,536-84.8%

$592+16.7%

Provider

Service type

Compensation

NORTHWEST PLAN SERVICES, INC.1+ years

Service code 15 · EIN 91-2090931

5446 CALIFORNIA AVE SW · SEATTLE, WA 98136

Recordkeeping

$10,210

WILMINGTON TRUST1+ years

Filed as: WILMINGTON TRUST FIDUCIARY SER CO

Service code 72 · EIN 22-2704960

1100 N MARKET ST · WILMINGTON, DE 19890

Other investment fees and expenses

$6,489

SEATRAN MARINE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEATRAN MARINE, LLC 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