Retirement plan

SEATTLE MARINE & FISHING SUPPLY CO. 401(K) PROFIT SHARING PLAN

Name: SEATTLE MARINE & FISHING SUPPLY CO. - SEATTLE MARINE & FISHING SUPPLY CO. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: SEATTLE MARINE & FISHING SUPPLY CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEATTLE MARINE & FISHING SUPPLY CO. 401(K) PROFIT SHARING PLAN, SEATTLE MARINE & FISHING SUPPLY CO.

SEATTLE MARINE & FISHING SUPPLY CO.EIN 91-0535317Plan #001PY 2020

2121 WEST COMMODORE WAY - SEATTLE, WA 98199800-426-2783seattlemarine.netLinkedIn1-10 employees

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.2M

+12.8% from 2019

Total participants

-4.9% from 2019

Average account balance

$93,176

+20.8% from 2019

Annual return

8.62%

+1.44 pp from 2019

Benchmarks

See 2,022 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,022 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.66M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

128.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$316K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3047

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$140K

$2985 / participant

Other / not subdivided$140K100.0%

% of EOY assets

2.689%

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

$93,176

$63,861+45.9%

$104,639-11.0%

$79,856+16.7%

Participation rate

95.7%

64.9%+30.8pp

74.1%+21.7pp

69.6%+26.1pp

Annual return

8.62%

21.30%-12.7pp

340.67%-332.1pp

31.71%-23.1pp

Employer contribution / active EE

$3,756

$1,588+136.5%

$2,682+40.0%

$2,471+52.0%

Participant deferral / active EE

$2,349

$2,693-12.8%

$3,738-37.2%

$3,741-37.2%

Admin fee / account holder

$2,505

$4,185-40.1%

$6,465-61.2%

$5,306-52.8%

SEATTLE MARINE & FISHING SUPPLY CO. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEATTLE MARINE & FISHING SUPPLY CO. 401(K) PROFIT SHARING 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