Retirement plan

STARFISH HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: STARFISH HOLDINGS, INC. - STARFISH HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: STARFISH HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STARFISH HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN, STARFISH HOLDINGS, INC.

STARFISH HOLDINGS, INC.EIN 47-1834100Plan #003PY 2024

4090 MEMORIAL PARKWAY S - HUNTSVILLE, AL 35802256-319-6000starfishholdings.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#001Retirement-$303.8M assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$515.4M

+9.5% from 2023

Total participants

1,975

+8.8% from 2023

Average account balance

$262,141

+0.2% from 2023

Annual return

5.88%

-13.43 pp from 2023

Benchmarks

See 950 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort950 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$515.37M

Not enough data

1 years with asset history on file

Average account balance

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

$262K

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.

1,966

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+5.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

1 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 codes2E2I2K2O2Q3H3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BMSS, LLC
Auditor EIN: 461498870
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$262,141

$122,259+114.4%

$147,041+78.3%

$199,874+31.2%

Participation rate

99.5%

78.3%+21.2pp

82.2%+17.3pp

72.0%+27.5pp

Annual return

5.88%

30.58%-24.7pp

419.21%-413.3pp

34.28%-28.4pp

Employer contribution / active EE

$28,259

$4,097+589.7%

$4,935+472.6%

$3,036+830.7%

Participant deferral / active EE

$8,504-100.0%

$8,071-100.0%

$5,090-100.0%

Admin fee / account holder

$179-100.0%

$13,006-100.0%

$269-100.0%

STARFISH HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

STARFISH HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP 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