Retirement plan

MARINER INVESTMENT GROUP, LLC 401(K) PROFIT SHARING PLAN

Name: MARINER INVESTMENT GROUP, LLC - MARINER INVESTMENT GROUP, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MARINER INVESTMENT GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARINER INVESTMENT GROUP, LLC 401(K) PROFIT SHARING PLAN, MARINER INVESTMENT GROUP, LLC

MARINER INVESTMENT GROUP, LLCEIN 51-0661527Plan #001PY 2024

500 MAMARONECK AVENUE, 4TH FLOOR - HARRISON, NY 10528914-670-4300marinerinvestment.comLinkedIn51-200 employeesinvestment management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$34M

+18.2% from 2023

Total participants

197

+4.2% from 2023

Average account balance

$195,298

+13.4% from 2023

Annual return

14.75%

-3.38 pp from 2023

Benchmarks

See 2,175 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,175 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.98M

Not enough data

1 years with asset history on file

Average account balance

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

$195K

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.

174

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.

82.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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 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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$16 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.006%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$195,298

$122,051+60.0%

$184,185+6.0%

$74,400+162.5%

Participation rate

82.0%

85.5%-3.5pp

86.8%-4.8pp

67.2%+14.8pp

Annual return

14.75%

19.91%-5.2pp

28.81%-14.1pp

1367.51%-1352.8pp

Employer contribution / active EE

$4,539-100.0%

$6,426-100.0%

$2,624-100.0%

Participant deferral / active EE

$17,983

$7,146+151.7%

$9,132+96.9%

$4,348+313.6%

Admin fee / account holder

$12

$1,258-99.1%

$13,909-99.9%

$1,944-99.4%

MARINER INVESTMENT GROUP, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARINER INVESTMENT GROUP, LLC 401(K) PROFIT SHARING 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