Retirement plan

DANN OCEAN TOWING 401(K) PLAN

Name: DANN OCEAN TOWING, INC. - DANN OCEAN TOWING 401(K) PLAN (2018) Form 5500
Creator: DANN OCEAN TOWING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DANN OCEAN TOWING 401(K) PLAN, DANN OCEAN TOWING, INC.

DANN OCEAN TOWING, INC.EIN 59-2017140Plan #001PY 2018

3670 S. WESTSHORE BLVD. - TAMPA, FL 33629813-251-5100dannoceantowing.comLinkedIn51-200 employeesmaritime

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.3M

+1.5% from 2017

Total participants

152

+14.3% from 2017

Average account balance

$64,241

-0.5% from 2017

Annual return

-7.15%

-16.69 pp from 2017

Benchmarks

See 1,072 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,072 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.03M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

39.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$538K

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

+13.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3965

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

Top 6 by compensation

Provider	Service type	Compensation
KRUGER & ASSOCIATES PA1 year Service code 10 2111 N. 15TH ST · TAMPA, FL 33608	Accounting	$37,568
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$35,194
SEABRIDGE WEALTH MANAGEMENT LLC3 years Filed as: SEABRIDGE WEALTH MANAGEMENT Service code 27 ONE BEACH DRIVE SUITE 220 · ST. PETERSBURG, FL 33701	Advisory (Plan)	$16,352
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDING INC. DBA ASCENSUS Service code 13 200 DRYDEN ROAD · DRESHER, PA 19025	Contract Administrator	$2,675
MATTHEW COLLINS3 years Filed as: MATTHEW BENEFIT GROUP, INC. Service code 13 701 94TH AVENUE NORTH · ST. PETERSBURG, FL 33702	Contract Administrator	$1,165
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$69

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$68K

$467 / participant

Investment mgmt$63K93.3%
Contract admin$5K6.7%

% of EOY assets

2.066%

all-in expense ratio

Categories reported

2 / 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: KRUEGER & ASSOCIATES, P.A. CPAS
Auditor EIN: 592860778
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,241

$42,396+51.5%

$67,313-4.6%

$56,289+14.1%

Participation rate

30.3%

61.0%-30.6pp

69.1%-38.7pp

69.9%-39.5pp

Annual return

-7.15%

-36.63%+29.5pp

-4.08%-3.1pp

-9.96%+2.8pp

Employer contribution / active EE

$886

$1,414-37.3%

$2,566-65.4%

$2,111-58.0%

Participant deferral / active EE

$2,729

$2,360+15.6%

$3,568-23.5%

$3,350-18.5%

Admin fee / account holder

$1,327

$510+160.5%

$4,507-70.5%

$521+154.8%

Provider

Service type

Compensation

KRUGER & ASSOCIATES PA1 year

Service code 10

2111 N. 15TH ST · TAMPA, FL 33608

Accounting

$37,568

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$35,194

SEABRIDGE WEALTH MANAGEMENT LLC3 years

Filed as: SEABRIDGE WEALTH MANAGEMENT

Service code 27

ONE BEACH DRIVE SUITE 220 · ST. PETERSBURG, FL 33701

Advisory (Plan)

$16,352

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDING INC. DBA ASCENSUS

Service code 13

200 DRYDEN ROAD · DRESHER, PA 19025

Contract Administrator

$2,675

MATTHEW COLLINS3 years

Filed as: MATTHEW BENEFIT GROUP, INC.

Service code 13

701 94TH AVENUE NORTH · ST. PETERSBURG, FL 33702

Contract Administrator

$1,165

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$69

DANN OCEAN TOWING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DANN OCEAN TOWING 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