Retirement plan

DONOVAN MARINE, INC. RETIREMENT AND PROFIT SHARING PLAN

Name: DONOVAN MARINE, INC. - DONOVAN MARINE, INC. RETIREMENT AND PROFIT SHARING PLAN (2020) Form 5500
Creator: DONOVAN MARINE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DONOVAN MARINE, INC. RETIREMENT AND PROFIT SHARING PLAN, DONOVAN MARINE, INC.

DONOVAN MARINE, INC.EIN 72-0642880Plan #001PY 2020

6316 HUMPHREYS STREET - HARAHAN, LA 70123504-729-2520donovanmarine.comLinkedIn201-500 employeeswholesale

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$32.4M

+12.6% from 2019

Total participants

477

+20.8% from 2019

Average account balance

$77,343

-9.2% from 2019

Annual return

13.99%

-4.90 pp from 2019

Benchmarks

See 1,266 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,266 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.06M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

398

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.

87.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$427

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$60,411
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$58,619
MID ATLANTIC CAPITAL CORPORATION6+ years Filed as: MID-CONTINENT SECURITIES ADVISORS L Service code 55 1218 WEBSTER ST · HOUSTON, TX 77002	Other Commissions	$58,237
ERICKSEN, KRENTEL & LAPORTE, LLP6+ years Service code 10 4227 CANAL STREET · NEW ORLEANS, LA 70119	Accounting	$11,200
TD AMERITRADE, INC.5 years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

1 tripped

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

$130K

$336 / participant

Contract admin$130K100.0%

% of EOY assets

0.402%

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: ERICKSEN KRENTEL,LLP
Auditor EIN: 720549733
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,343

$78,419-1.4%

$133,978-42.3%

$73,412+5.4%

Participation rate

85.1%

78.6%+6.5pp

79.8%+5.2pp

72.2%+12.9pp

Annual return

13.99%

33.35%-19.4pp

45.10%-31.1pp

59.30%-45.3pp

Employer contribution / active EE

$1,920

$2,044-6.1%

$3,919-51.0%

$2,234-14.1%

Participant deferral / active EE

$4,556

$3,925+16.1%

$5,047-9.7%

$3,806+19.7%

Admin fee / account holder

$311

$161+92.7%

$8,930-96.5%

$158+96.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$60,411

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$58,619

MID ATLANTIC CAPITAL CORPORATION6+ years

Filed as: MID-CONTINENT SECURITIES ADVISORS L

Service code 55

1218 WEBSTER ST · HOUSTON, TX 77002

Other Commissions

$58,237

ERICKSEN, KRENTEL & LAPORTE, LLP6+ years

Service code 10

4227 CANAL STREET · NEW ORLEANS, LA 70119

Accounting

$11,200

TD AMERITRADE, INC.5 years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

DONOVAN MARINE, INC. RETIREMENT AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DONOVAN MARINE, INC. RETIREMENT AND 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