Retirement plan

BETA MARINE US 401(K) PROFIT SHARING PLAN

Name: JK MARINE POWER SOLUTIONS, INC. DBA BETA MARINE US - BETA MARINE US 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: JK MARINE POWER SOLUTIONS, INC. DBA BETA MARINE US
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BETA MARINE US 401(K) PROFIT SHARING PLAN, JK MARINE POWER SOLUTIONS, INC. DBA BETA MARINE US

JK MARINE POWER SOLUTIONS, INC. DBA BETA MARINE USEIN 84-1727366Plan #001PY 2022

11702 HWY 306 SOUTH - MINNESOTT BEACH, NC 28510678-524-8277

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$235K

+146.8% from 2021

Total participants

+14.3% from 2021

Average account balance

$29,358

+116.0% from 2021

Annual return

-21.62%

-21.62 pp from 2021

Benchmarks

See 21,409 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort21,409 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$489K

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$65K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2J2T3D

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).
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

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

$29,358

$95,915-69.4%

$79,580-63.1%

$134,532-78.2%

Participation rate

100.0%

75.0%+25.0pp

69.5%+30.5pp

81.2%+18.8pp

Annual return

-21.62%

-2.71%-18.9pp

0.15%-21.8pp

418.27%-439.9pp

Employer contribution / active EE

$7,528

$3,129+140.6%

$2,413+211.9%

$4,741+58.8%

Participant deferral / active EE

$12,507

$4,693+166.5%

$3,985+213.8%

$6,401+95.4%

Admin fee / account holder

$9,132-100.0%

$6,835-100.0%

$11,429-100.0%

BETA MARINE US 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BETA MARINE US 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion