Retirement plan

OCEANEX SERVICES INTERNATIONAL INC 401K PLAN

Name: OCEANEX SERVICES INTERNATIONAL INC - OCEANEX SERVICES INTERNATIONAL INC 401K PLAN (2018) Form 5500
Creator: OCEANEX SERVICES INTERNATIONAL INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCEANEX SERVICES INTERNATIONAL INC 401K PLAN, OCEANEX SERVICES INTERNATIONAL INC

OCEANEX SERVICES INTERNATIONAL INCEIN 76-0006265Plan #001PY 2018

10607 HADDINGTON SUITE 190 - HOUSTON, TX 770433234713-722-7300oceanexservices.comLinkedIn11-50 employeesoil & energy

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$1.4M

-5.4% from 2017

Total participants

-8.3% from 2017

Average account balance

$195,443

+8.2% from 2017

Annual return

-8.28%

-31.05 pp from 2017

Benchmarks

See 1,803 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants<25

Cohort1,803 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$266K

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$58K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+20.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$315

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 codes2E2F2G2J3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$168 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.123%

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

$195,443

$147,167+32.8%

$111,392+75.5%

$135,379+44.4%

Participation rate

60.0%

84.0%-24.0pp

78.9%-18.9pp

82.6%-22.6pp

Annual return

-8.28%

-4.44%-3.8pp

-2.06%-6.2pp

519.79%-528.1pp

Employer contribution / active EE

$1,296

$5,204-75.1%

$4,328-70.0%

$4,779-72.9%

Participant deferral / active EE

$3,103

$6,565-52.7%

$5,567-44.3%

$5,609-44.7%

Admin fee / account holder

$240

$20,270-98.8%

$12,266-98.0%

$10,828-97.8%

OCEANEX SERVICES INTERNATIONAL INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCEANEX SERVICES INTERNATIONAL INC 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