Retirement plan

401(K) PLAN FOR OPERATING ENGINEERS LOCAL 406- CT STEVEDORING, INC.

Name: CT STEVEDORING, INC. - 401(K) PLAN FOR OPERATING ENGINEERS LOCAL 406- CT STEVEDORING, INC. (2021) Form 5500
Creator: CT STEVEDORING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PLAN FOR OPERATING ENGINEERS LOCAL 406- CT STEVEDORING, INC., CT STEVEDORING, INC.

CT STEVEDORING, INC.EIN 74-2481777Plan #002PY 2021

P.O. BOX 1566 - MOBILE, AL 36693251-431-6100LinkedIn1-10 employees

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$5.3M

No prior year

Total participants

125

No prior year

Average account balance

$75,544

No prior year

Annual return

20.72%

No prior year

Benchmarks

See 1,069 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,069 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.74M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

74.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$275K

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

+19.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6052

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

Top 2 by compensation

Provider	Service type	Compensation
HANCOCK WHITNEY BANK1+ years Service code 21 · EIN 64-0169065	Bank Trustee	$8,927
CHARLES SCHWAB & CO., INC.1+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$9K

$83 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.169%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BLACK & PINCKARD LLC
Auditor EIN: 260079381
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,544

$60,788+24.3%

$85,709-11.9%

$79,391-4.8%

Participation rate

49.1%

62.1%-13.0pp

69.9%-20.8pp

70.7%-21.6pp

Annual return

20.72%

16.57%+4.1pp

21.49%-0.8pp

116.88%-96.2pp

Employer contribution / active EE

$1,664-99.7%

$2,619-99.8%

$2,428-99.8%

Participant deferral / active EE

$2,677

$2,920-8.3%

$3,924-31.8%

$4,046-33.8%

Admin fee / account holder

$128

$439-70.9%

$6,876-98.1%

$627-79.6%

Provider

Service type

Compensation

HANCOCK WHITNEY BANK1+ years

Service code 21 · EIN 64-0169065

Bank Trustee

$8,927

CHARLES SCHWAB & CO., INC.1+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

401(K) PLAN FOR OPERATING ENGINEERS LOCAL 406- CT STEVEDORING, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PLAN FOR OPERATING ENGINEERS LOCAL 406- CT STEVEDORING, INC.

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