Retirement plan

BRUSCO TUG AND BARGE, INC. EMPLOYEES RETIREMENT PLAN

Name: BRUSCO TUG AND BARGE, INC. - BRUSCO TUG AND BARGE, INC. EMPLOYEES RETIREMENT PLAN (2023) Form 5500
Creator: BRUSCO TUG AND BARGE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRUSCO TUG AND BARGE, INC. EMPLOYEES RETIREMENT PLAN, BRUSCO TUG AND BARGE, INC.

BRUSCO TUG AND BARGE, INC.EIN 91-0776668Plan #001PY 2023

PO BOX 1576 - LONGVIEW, WA 986327950360-636-3341bruscotug.comLinkedIn51-200 employeesmaritime

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.8M

+16.6% from 2022

Total participants

152

+1.3% from 2022

Average account balance

$80,792

+16.6% from 2022

Annual return

17.49%

+32.45 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

$8.62M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$633K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$548

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 1 by compensation

Provider	Service type	Compensation
AMERICAN REALTY ADVISORS9+ years Filed as: AMERICAN NORTHWEST ADVISORY SERVICE Service code 27 · EIN 91-1998294	Advisory (Plan)	$38,898

Plan features & details

Pension benefit codes2E2F2H2J3D3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$45K

$469 / participant

Investment mgmt$39K86.4%
Other / not subdivided$6K13.6%

% of EOY assets

0.511%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HAGEN KURTH PERMAN
Auditor EIN: 911233794
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,792

$51,207+57.8%

$70,565+14.5%

$75,177+7.5%

Participation rate

55.2%

61.0%-5.8pp

68.4%-13.1pp

67.2%-12.0pp

Annual return

17.49%

30.05%-12.6pp

32.79%-15.3pp

160.75%-143.3pp

Employer contribution / active EE

$1,204

$1,826-34.1%

$2,976-59.6%

$2,671-54.9%

Participant deferral / active EE

$4,517

$2,850+58.5%

$4,568-1.1%

$4,126+9.5%

Admin fee / account holder

$413

$4,097-89.9%

$6,430-93.6%

$5,651-92.7%

Provider

Service type

Compensation

AMERICAN REALTY ADVISORS9+ years

Filed as: AMERICAN NORTHWEST ADVISORY SERVICE

Service code 27 · EIN 91-1998294

Advisory (Plan)

$38,898

BRUSCO TUG AND BARGE, INC. EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRUSCO TUG AND BARGE, INC. EMPLOYEES RETIREMENT 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