Retirement plan

METSON MARINE SERVICES, INC. 401(K) PLAN & TRUST

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

METSON MARINE SERVICES, INC.EIN 88-0308650Plan #001PY 2018

2060 KNOLL DRIVE, SUITE 100 - VENTURA, CA 93003805-658-2628metsonmarine.comLinkedIn51-200 employeesmaritime

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$5.2M

-7.8% from 2017

Total participants

239

+20.1% from 2017

Average account balance

$36,267

+1.1% from 2017

Annual return

-4.64%

-19.94 pp from 2017

Benchmarks

See 1,072 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,072 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.97M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

196

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.

82.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$956K

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

+11.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$256

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 4 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC1 year Filed as: NFP Service code 49 · EIN 33-0905143	Other Services	$23,651
TRUOG-RYDING COMPANY, INC.2+ years Filed as: TROUG-RYDING Service code 13 · EIN 95-3497679 2659 TOWNSGATE ROAD, STE 101 · WESTLAKE VILLAGE, CA 91361	Contract Administrator	$2,950
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTUAL Service code 15 · EIN 04-1590850 P.O. BOX 55274 · BOSTON, MA 022065274	Recordkeeping	$1,956
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL INVESTMENT Service code 49 · EIN 36-3429599 P.O. BOX 55274 · BOSTON, MA 022065274	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$29K

$150 / participant

Investment mgmt$24K82.8%
Other / not subdivided$5K17.2%

% of EOY assets

0.547%

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: HOLTHOUSE CARLIN & VAN TRIGT LLP
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,267

$42,396-14.5%

$67,313-46.1%

$56,287-35.6%

Participation rate

50.3%

61.0%-10.7pp

69.1%-18.8pp

69.9%-19.6pp

Annual return

-4.64%

-36.63%+32.0pp

-4.08%-0.6pp

-9.96%+5.3pp

Employer contribution / active EE

$388

$1,414-72.5%

$2,566-84.9%

$2,111-81.6%

Participant deferral / active EE

$1,824

$2,360-22.7%

$3,568-48.9%

$3,350-45.6%

Admin fee / account holder

$198

$510-61.1%

$4,507-95.6%

$521-61.9%

Provider

Service type

Compensation

NFP RETIREMENT INC1 year

Filed as: NFP

Service code 49 · EIN 33-0905143

Other Services

$23,651

TRUOG-RYDING COMPANY, INC.2+ years

Filed as: TROUG-RYDING

Service code 13 · EIN 95-3497679

2659 TOWNSGATE ROAD, STE 101 · WESTLAKE VILLAGE, CA 91361

Contract Administrator

$2,950

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTUAL

Service code 15 · EIN 04-1590850

P.O. BOX 55274 · BOSTON, MA 022065274

Recordkeeping

$1,956

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL INVESTMENT

Service code 49 · EIN 36-3429599

P.O. BOX 55274 · BOSTON, MA 022065274

Other Services

METSON MARINE SERVICES, INC. 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METSON MARINE SERVICES, INC. 401(K) PLAN & TRUST

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