Retirement plan

SEA FOX BOAT COMPANY 401(K) PLAN

Name: SEA FOX BOAT COMPANY, INC. - SEA FOX BOAT COMPANY 401(K) PLAN (2020) Form 5500
Creator: SEA FOX BOAT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEA FOX BOAT COMPANY 401(K) PLAN, SEA FOX BOAT COMPANY, INC.

SEA FOX BOAT COMPANY, INC.EIN 57-1016342Plan #001PY 2020

2550 HIGHWAY 52 - MONCKS CORNER, SC 29461843-761-6090LinkedIn1-10 employeesshipbuilding

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2M

+27.9% from 2019

Total participants

189

+15.2% from 2019

Average account balance

$35,440

+21.1% from 2019

Annual return

13.78%

-10.97 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.28M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

41.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$342K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+17.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3266

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

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$12,067
ERISA SERVICES, INC.3+ years Service code 13 · EIN 62-1200951	Contract Administrator	$1,038
AMERICAN CENTURY3+ years Service code 52 · EIN 46-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS3+ years Service code 52 · EIN 52-0792143	Indirect Investment Fees	$0
CLIENT ONE SECURITIES LLC3+ years Service code 53 · EIN 27-1408998	Insurance Commissions	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC3+ years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
INVESCO3+ years Service code 52 · EIN 94-2362417	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3+ years Service code 52 · EIN 04-2468583	Indirect Investment Fees	$0
NORTHERN FUNDS3+ years Service code 52 · EIN 36-3608252	Indirect Investment Fees	$0
PIMCO FUNDS3+ years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2G2F2J3D3H2E2K

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$11K

$68 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.579%

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: GLASER AND COMPANY, LLC
Auditor EIN: 205788602
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,440

$73,638-51.9%

$95,960-63.1%

$73,493-51.8%

Participation rate

21.8%

76.2%-54.4pp

77.1%-55.3pp

70.7%-48.9pp

Annual return

13.78%

16.78%-3.0pp

91.63%-77.9pp

28.51%-14.7pp

Employer contribution / active EE

$581

$1,863-68.8%

$2,541-77.1%

$2,270-74.4%

Participant deferral / active EE

$1,012

$3,617-72.0%

$4,167-75.7%

$3,740-72.9%

Admin fee / account holder

$205

$482-57.4%

$6,797-97.0%

$513-60.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$12,067

ERISA SERVICES, INC.3+ years

Service code 13 · EIN 62-1200951

Contract Administrator

$1,038

AMERICAN CENTURY3+ years

Service code 52 · EIN 46-1646043

Indirect Investment Fees

AMERICAN FUNDS3+ years

Service code 52 · EIN 52-0792143

Indirect Investment Fees

CLIENT ONE SECURITIES LLC3+ years

Service code 53 · EIN 27-1408998

Insurance Commissions

ENVESTNET RETIREMENT SOLUTIONS, LLC3+ years

Service code 27 · EIN 61-1732930

Advisory (Plan)

INVESCO3+ years

Service code 52 · EIN 94-2362417

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3+ years

Service code 52 · EIN 04-2468583

Indirect Investment Fees

NORTHERN FUNDS3+ years

Service code 52 · EIN 36-3608252

Indirect Investment Fees

PIMCO FUNDS3+ years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

SEA FOX BOAT COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEA FOX BOAT COMPANY 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