Retirement plan

SEA FOX BOAT COMPANY 401(K) PLAN

Name: SEA FOX BOAT COMPANY, INC. - SEA FOX BOAT COMPANY 401(K) PLAN (2022) 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 2022

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

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1.9M

-28.1% from 2021

Total participants

189

-10.0% from 2021

Average account balance

$28,397

-40.0% from 2021

Annual return

-21.35%

-41.39 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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 3 by compensation

Provider	Service type	Compensation
CREATIVEONE SECURITIES, LLC1 year Filed as: CREATIVEONE SECURITIES LLC Service code 27 · EIN 27-1408998 6330 SPRINT PKWY STE 400 · OVERLAND PARK, KS 66211	Advisory (Plan)	$13,433
ERISA SERVICES, INC.5+ years Service code 13 · EIN 62-1200951 PO BOX 24628 · KNOXVILLE, TN 379332628	Contract Administrator	$437
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERV. Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$175

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

3 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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$14K

$84 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.743%

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

$28,397

$65,453-56.6%

$86,698-67.2%

$66,938-57.6%

Participation rate

25.9%

75.5%-49.6pp

76.6%-50.7pp

69.8%-43.9pp

Annual return

-21.35%

-10.89%-10.5pp

35.95%-57.3pp

1.58%-22.9pp

Employer contribution / active EE

$767

$2,154-64.4%

$2,837-72.9%

$2,545-69.8%

Participant deferral / active EE

$1,146

$4,102-72.1%

$4,656-75.4%

$4,238-73.0%

Admin fee / account holder

$211

$642-67.1%

$7,493-97.2%

$594-64.5%

Provider

Service type

Compensation

CREATIVEONE SECURITIES, LLC1 year

Filed as: CREATIVEONE SECURITIES LLC

Service code 27 · EIN 27-1408998

6330 SPRINT PKWY STE 400 · OVERLAND PARK, KS 66211

Advisory (Plan)

$13,433

ERISA SERVICES, INC.5+ years

Service code 13 · EIN 62-1200951

PO BOX 24628 · KNOXVILLE, TN 379332628

Contract Administrator

$437

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERV.

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$175

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