Retirement plan

THE PROFIT SHARING PLAN AND TRUST AGREEMENT OF ALASKA TERMINALS, INC.

Name: ALASKA TERMINALS, INC. - THE PROFIT SHARING PLAN AND TRUST AGREEMENT OF ALASKA TERMINALS, INC. (2023) Form 5500
Creator: ALASKA TERMINALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PROFIT SHARING PLAN AND TRUST AGREEMENT OF ALASKA TERMINALS, INC., ALASKA TERMINALS, INC.

ALASKA TERMINALS, INC.EIN 91-0752693Plan #001PY 2023

400 W 70TH AVENUE, SUITE 3 - ANCHORAGE, AK 995182101907-349-6657akterminals.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$6.8M

+11.1% from 2022

Total participants

+22.2% from 2022

Average account balance

$77,221

-9.1% from 2022

Annual return

12.71%

+26.98 pp from 2022

Benchmarks

See 4,600 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,600 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.52M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

103.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$288K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2331

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 codes2E2F2J3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$423K

$5220 / participant

Other / not subdivided$423K100.0%

% of EOY assets

6.222%

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

$77,221

$51,207+50.8%

$70,565+9.4%

$75,177+2.7%

Participation rate

100.0%

61.0%+39.0pp

68.4%+31.6pp

67.2%+32.8pp

Annual return

12.71%

30.05%-17.3pp

32.79%-20.1pp

160.75%-148.0pp

Employer contribution / active EE

$2,407

$1,826+31.8%

$2,976-19.1%

$2,671-9.9%

Participant deferral / active EE

$1,132

$2,850-60.3%

$4,568-75.2%

$4,126-72.6%

Admin fee / account holder

$4,805

$4,097+17.3%

$6,430-25.3%

$5,651-15.0%

THE PROFIT SHARING PLAN AND TRUST AGREEMENT OF ALASKA TERMINALS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PROFIT SHARING PLAN AND TRUST AGREEMENT OF ALASKA TERMINALS, 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