Retirement plan

TEKMARINE SYSTEMS, LLC 401(K) PLAN

Name: TEKMARINE SYSTEMS, LLC - TEKMARINE SYSTEMS, LLC 401(K) PLAN (2024) Form 5500
Creator: TEKMARINE SYSTEMS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEKMARINE SYSTEMS, LLC 401(K) PLAN, TEKMARINE SYSTEMS, LLC

TEKMARINE SYSTEMS, LLCEIN 47-3961782Plan #001PY 2024

9595 SIX PINES DR., SUITE 8210 - THE WOODLANDS, TX 77380832-631-6104tekmarine.comLinkedIn1-10 employees

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$772K

+35.4% from 2023

Total participants

+33.3% from 2023

Average account balance

$192,885

+1.6% from 2023

Annual return

0.02%

-0.04 pp from 2023

Benchmarks

See 23,915 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,915 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$772K

Not enough data

1 years with asset history on file

Average account balance

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

$193K

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

$202K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$50K

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

+0.02%

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

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 codes2E2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

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

$192,885

$166,089+16.1%

$164,928+17.0%

$145,978+32.1%

Participation rate

100.0%

82.0%+18.0pp

78.6%+21.4pp

80.3%+19.7pp

Annual return

0.02%

100.26%-100.2pp

70.08%-70.1pp

550.52%-550.5pp

Employer contribution / active EE

$25,525

$5,276+383.8%

$4,343+487.7%

$4,662+447.5%

Participant deferral / active EE

$24,875

$6,961+257.3%

$6,034+312.3%

$6,690+271.8%

Admin fee / account holder

$16,641-100.0%

$12,684-100.0%

$13,400-100.0%

TEKMARINE SYSTEMS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

TEKMARINE SYSTEMS, LLC 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