Retirement plan

ULTIMATE FINISH YACHT MAINTENANCE 401(K) PROFIT SHARING PLAN

Name: ULTIMATE FINISH YACHT MAINTENANCE - ULTIMATE FINISH YACHT MAINTENANCE 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: ULTIMATE FINISH YACHT MAINTENANCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ULTIMATE FINISH YACHT MAINTENANCE 401(K) PROFIT SHARING PLAN, ULTIMATE FINISH YACHT MAINTENANCE

ULTIMATE FINISH YACHT MAINTENANCEEIN 47-5251392Plan #001PY 2020

6 CLINTON AVE - NEWPORT, RI 02842401-662-5661

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$125K

+80.9% from 2019

Total participants

0.0% from 2019

Average account balance

$25,030

+80.9% from 2019

Annual return

26.27%

+9.50 pp from 2019

Benchmarks

See 18,871 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,871 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$373K

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.61%

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 codes2E2F2J2T3B3D

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).
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$25,030

$112,935-77.8%

$90,970-72.5%

$158,966-84.3%

Participation rate

71.4%

74.7%-3.3pp

69.0%+2.4pp

82.0%-10.5pp

Annual return

26.27%

215.79%-189.5pp

134.58%-108.3pp

302.95%-276.7pp

Employer contribution / active EE

$1,453

$2,895-49.8%

$2,122-31.6%

$4,762-69.5%

Participant deferral / active EE

$3,948

$4,129-4.4%

$3,373+17.0%

$5,983-34.0%

Admin fee / account holder

$8,045-100.0%

$5,960-100.0%

$11,250-100.0%

ULTIMATE FINISH YACHT MAINTENANCE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ULTIMATE FINISH YACHT MAINTENANCE 401(K) PROFIT SHARING 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