Retirement plan

SEACREST SERVICES INC. 401(K) PROFIT SHARING PLAN

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

SEACREST SERVICES, INC.EIN 59-1815173Plan #001PY 2020

2101 CENTREPARK W. DRIVE SUITE 110 - WEST PALM BEACH, FL 33409561-697-4990seacrestservices.comLinkedIn501-1000 employeesreal estate

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$6.2M

+2.8% from 2019

Total participants

375

-10.5% from 2019

Average account balance

$30,108

+1.3% from 2019

Annual return

11.20%

-5.84 pp from 2019

Benchmarks

See 615 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort615 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.40M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

146

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.

39.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$839K

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

+10.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$448

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION5 years Service code 28 · EIN 35-0472300 P.O. BOX 7877 · FORT WAYNE, IN 46802	Investment Management	$45,993
PENSION ASSURANCE LLP6+ years Filed as: THE PENSION STUDIO Service code 13 · EIN 54-2154380 1226 OMAR ROAD · WEST PALM BEACH, FL 33405	Contract Administrator	$3,220

Plan features & details

Pension benefit codes2F2G2J2K2T3D

Plan features

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$49K

$143 / participant

Contract admin$49K100.0%

% of EOY assets

0.797%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BRESLOW STARLING FROST ET AL, LLC
Auditor EIN: 560593053
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,108

$56,152-46.4%

$185,861-83.8%

$73,412-59.0%

Participation rate

50.7%

67.6%-16.8pp

78.0%-27.3pp

72.2%-21.5pp

Annual return

11.20%

17.59%-6.4pp

35.96%-24.8pp

59.30%-48.1pp

Employer contribution / active EE

$923

$1,532-39.7%

$4,088-77.4%

$2,234-58.7%

Participant deferral / active EE

$1,652

$3,659-54.9%

$5,634-70.7%

$3,806-56.6%

Admin fee / account holder

$240

$132+81.8%

$9,503-97.5%

$158+52.0%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION5 years

Service code 28 · EIN 35-0472300

P.O. BOX 7877 · FORT WAYNE, IN 46802

Investment Management

$45,993

PENSION ASSURANCE LLP6+ years

Filed as: THE PENSION STUDIO

Service code 13 · EIN 54-2154380

1226 OMAR ROAD · WEST PALM BEACH, FL 33405

Contract Administrator

$3,220

SEACREST SERVICES INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEACREST SERVICES INC. 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