Retirement plan

US MARINE, INC 401K

Name: UNITED STATES MARINE, INC - US MARINE, INC 401K (2019) Form 5500
Creator: UNITED STATES MARINE, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, US MARINE, INC 401K, UNITED STATES MARINE, INC

UNITED STATES MARINE, INCEIN 72-1002525Plan #001PY 2019

10011 LORRAINE RD - GULFPORT, MS 39503228-679-1005usmi.comLinkedIn11-50 employeesmaritime

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$22.2M

+26.7% from 2018

Total participants

226

+20.9% from 2018

Average account balance

$110,350

+12.8% from 2018

Annual return

22.34%

+27.51 pp from 2018

Benchmarks

See 4,277 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,277 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.79M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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.

242

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.

86.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53

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 3 by compensation

Provider	Service type	Compensation
CHARTER ADVISORY CORP5+ years Service code 27 · EIN 35-1464583	Advisory (Plan)	$46,691
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,957
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: GREAT WEST LIFE & ANNUITY INS.CO. Service code 64 8515 EAST ORCHARD RD, · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$17K

$93 / participant

Contract admin$6K32.9%
Other / not subdivided$12K67.1%

% of EOY assets

0.079%

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: PEDELAHORE AND CO., LLP
Auditor EIN: 720535866
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,350

$65,376+68.8%

$87,102+26.7%

$65,185+69.3%

Participation rate

86.6%

75.3%+11.3pp

76.9%+9.8pp

70.2%+16.4pp

Annual return

22.34%

31.27%-8.9pp

28.19%-5.9pp

29.38%-7.0pp

Employer contribution / active EE

$3,199

$1,822+75.5%

$2,521+26.9%

$2,177+47.0%

Participant deferral / active EE

$4,765

$3,388+40.6%

$4,048+17.7%

$3,514+35.6%

Admin fee / account holder

$87

$520-83.3%

$7,491-98.8%

$847-89.7%

Provider

Service type

Compensation

CHARTER ADVISORY CORP5+ years

Service code 27 · EIN 35-1464583

Advisory (Plan)

$46,691

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,957

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: GREAT WEST LIFE & ANNUITY INS.CO.

Service code 64

8515 EAST ORCHARD RD, · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

US MARINE, INC 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

US MARINE, INC 401K

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