Retirement plan

MARINE PROFESSIONALS 401K PLAN

Name: MARINE PROFESSIONALS - MARINE PROFESSIONALS 401K PLAN (2017) Form 5500
Creator: MARINE PROFESSIONALS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARINE PROFESSIONALS 401K PLAN, MARINE PROFESSIONALS

MARINE PROFESSIONALSEIN 65-0833917Plan #001PY 2017

3112 SE 4TH AVE - FORT LAUDERDALE, FL 33316954-761-4161marineprofessionals.comLinkedIn11-50 employeesmaritime

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$91K

+184.0% from 2016

Total participants

+40.0% from 2016

Average account balance

$13,050

+143.4% from 2016

Annual return

31.83%

+31.83 pp from 2016

Benchmarks

See 32,061 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,061 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.57M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$356K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+17.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3618

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

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

$575

$41 / participant

Other / not subdivided$575100.0%

% of EOY assets

0.629%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,050

$99,031-86.8%

$86,597-84.9%

$147,585-91.2%

Participation rate

50.0%

76.3%-26.3pp

73.5%-23.5pp

82.8%-32.8pp

Annual return

31.83%

1312.56%-1280.7pp

964.96%-933.1pp

578.57%-546.7pp

Employer contribution / active EE

$1,342

$3,132-57.2%

$2,840-52.7%

$4,876-72.5%

Participant deferral / active EE

$2,154

$3,972-45.8%

$3,609-40.3%

$5,439-60.4%

Admin fee / account holder

$82

$5,711-98.6%

$4,906-98.3%

$10,885-99.2%

MARINE PROFESSIONALS 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARINE PROFESSIONALS 401K 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