Retirement plan

CLEARWATER MARINE AQUARIUM, INC. 401(K) PLAN

Name: CLEARWATER MARINE AQUARIUM, INC. - CLEARWATER MARINE AQUARIUM, INC. 401(K) PLAN (2024) Form 5500
Creator: CLEARWATER MARINE AQUARIUM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEARWATER MARINE AQUARIUM, INC. 401(K) PLAN, CLEARWATER MARINE AQUARIUM, INC.

CLEARWATER MARINE AQUARIUM, INC.EIN 59-2086737Plan #001PY 2024

249 WINDWARD PASSAGE - CLEARWATER, FL 33767727-441-1790cmaquarium.orgLinkedIn201-500 employeesmuseums and institutions

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed March 9, 2023 (most recent of 2 filings on file)

Plan administrator

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249 Windward Passsage

Clearwater, FL 33676

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Plans declared (1)

Clearwater Marine Aquarium8 emp

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Total assets (EOY)

$3.4M

+22.3% from 2023

Total participants

251

-26.8% from 2023

Average account balance

$26,444

+37.3% from 2023

Annual return

16.42%

-12.41 pp from 2023

Benchmarks

See 827 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort827 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.44M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

130

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.

44.7%

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

$2K

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

+16.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$178

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
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754 200 DRYDEN ROAD · DRESHER, PA 19025	Recordkeeping	$15,691
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH RETIREMENT Service code 27 · EIN 13-5674085	Advisory (Plan)	$11,975

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$23K

$106 / participant

Contract admin$23K100.0%

% of EOY assets

0.674%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PDR CPAS + ADVISORS
Auditor EIN: 591687531
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,444

$52,450-49.6%

$129,384-79.6%

$74,459-64.5%

Participation rate

44.7%

53.8%-9.1pp

69.6%-24.9pp

67.2%-22.5pp

Annual return

16.42%

15.65%+0.8pp

9461.77%-9445.4pp

1369.70%-1353.3pp

Employer contribution / active EE

$824

$1,532-46.2%

$4,153-80.2%

$2,626-68.6%

Participant deferral / active EE

$1,632

$2,797-41.7%

$4,166-60.8%

$4,350-62.5%

Admin fee / account holder

$178

$2,636-93.2%

$7,686-97.7%

$1,945-90.8%

Provider

Service type

Compensation

ASCENSUS LLC2 years

Service code 15 · EIN 11-3665754

200 DRYDEN ROAD · DRESHER, PA 19025

Recordkeeping

$15,691

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH RETIREMENT

Service code 27 · EIN 13-5674085

Advisory (Plan)

$11,975

CLEARWATER MARINE AQUARIUM, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEARWATER MARINE AQUARIUM, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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