Retirement plan

CRESCENT MARINE TOWING, INC. PROFIT SHARING/SALARY SAVINGS PLAN

Name: CRESCENT MARINE TOWING, INC. - CRESCENT MARINE TOWING, INC. PROFIT SHARING/SALARY SAVINGS PLAN (2021) Form 5500
Creator: CRESCENT MARINE TOWING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CRESCENT MARINE TOWING, INC. PROFIT SHARING/SALARY SAVINGS PLAN, CRESCENT MARINE TOWING, INC.

CRESCENT MARINE TOWING, INC.EIN 72-1053451Plan #001PY 2021

1260 DESTREHAN AVENUE - HARVEY, LA 70058504-340-9293

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.8M

+15.1% from 2020

Total participants

-22.7% from 2020

Average account balance

$127,129

+31.6% from 2020

Annual return

12.00%

-5.42 pp from 2020

Benchmarks

See 7,537 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort7,537 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.34M

Not enough data

1 years with asset history on file

Average account balance

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

$213K

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.

47.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$191K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7224

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 codes3D2E2F2G2J2T3H

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$65K

$4622 / participant

Other / not subdivided$65K100.0%

% of EOY assets

3.635%

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

$127,129

$104,694+21.4%

$85,709+48.3%

$167,536-24.1%

Participation rate

78.6%

76.4%+2.2pp

69.9%+8.7pp

82.1%-3.5pp

Annual return

12.00%

21.45%-9.4pp

21.49%-9.5pp

478.82%-466.8pp

Employer contribution / active EE

$3,337-100.0%

$2,619-100.0%

$4,839-100.0%

Participant deferral / active EE

$8,018

$4,826+66.1%

$3,924+104.4%

$6,342+26.4%

Admin fee / account holder

$4,622

$10,035-53.9%

$6,876-32.8%

$12,315-62.5%

CRESCENT MARINE TOWING, INC. PROFIT SHARING/SALARY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CRESCENT MARINE TOWING, INC. PROFIT SHARING/SALARY SAVINGS 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