Retirement plan

ARCTIC STORM INC RETIREMENT SAVINGS 401(K) PLAN AND TRUST

Name: ARCTIC STORM, INC. - ARCTIC STORM INC RETIREMENT SAVINGS 401(K) PLAN AND TRUST (2024) Form 5500
Creator: ARCTIC STORM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARCTIC STORM INC RETIREMENT SAVINGS 401(K) PLAN AND TRUST, ARCTIC STORM, INC.

ARCTIC STORM, INC.EIN 91-1351321Plan #001PY 2024

2727 ALASKAN WAY, PIER 69 - SEATTLE, WA 98121206-547-6557LinkedIn11-50 employeesfishery

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$32.8M

-1.7% from 2023

Total participants

427

-2.1% from 2023

Average account balance

$173,454

+1.4% from 2023

Annual return

9.73%

-2.47 pp from 2023

Benchmarks

See 271 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort271 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$32.78M

Not enough data

1 years with asset history on file

Average account balance

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

$173K

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.

189

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.

38.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.04M

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

+9.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$531

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
DUNCAN & HALEY LTD10+ years Service code 26 · EIN 02-0532349 2753 SOUTH WASHINGTON STREET · SEATTLE, WA 98144	Advisory (Participants)	$45,000
NORTHWEST PLAN SERVICES, INC.10+ years Service code 13 · EIN 91-2090931 4025 DELRIDGE WAY SW · SEATTLE, WA 98106	Contract Administrator	$23,600
MOSS ADAMS LLP7 years Filed as: MOSS ADAMS, LLP Service code 10 · EIN 91-0189318 999 THIRD AVENUE · SEATTLE, WA 98104	Accounting	$17,115
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB TRUST BANK Service code 18 · EIN 82-3967259 3000 SCHWAB WAY · WESTLAKE, TX 76262	Shareholder servicing fees; Trustee (...	$10,871

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

4 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$100K

$259 / participant

Recordkeeping$24K23.5%
Trustee / custodial$11K10.8%
Investment mgmt$45K44.9%
Legal$4K3.7%
Other / not subdivided$17K17.1%

% of EOY assets

0.306%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BAKER TILLY US, LLP, BTUS
Auditor EIN: 301413443
Audit fees: $17,115
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$173,454

$72,994+137.6%

$120,354+44.1%

$77,643+123.4%

Participation rate

38.5%

55.2%-16.7pp

71.9%-33.4pp

70.6%-32.1pp

Annual return

9.73%

18.23%-8.5pp

107.15%-97.4pp

31.24%-21.5pp

Employer contribution / active EE

$1,651

$1,793-7.9%

$3,463-52.3%

$2,726-39.4%

Participant deferral / active EE

$3,621

$3,011+20.3%

$4,991-27.5%

$4,647-22.1%

Admin fee / account holder

$531

$658-19.3%

$9,423-94.4%

$430+23.3%

Provider

Service type

Compensation

DUNCAN & HALEY LTD10+ years

Service code 26 · EIN 02-0532349

2753 SOUTH WASHINGTON STREET · SEATTLE, WA 98144

Advisory (Participants)

$45,000

NORTHWEST PLAN SERVICES, INC.10+ years

Service code 13 · EIN 91-2090931

4025 DELRIDGE WAY SW · SEATTLE, WA 98106

Contract Administrator

$23,600

MOSS ADAMS LLP7 years

Filed as: MOSS ADAMS, LLP

Service code 10 · EIN 91-0189318

999 THIRD AVENUE · SEATTLE, WA 98104

Accounting

$17,115

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 18 · EIN 82-3967259

3000 SCHWAB WAY · WESTLAKE, TX 76262

Shareholder servicing fees; Trustee (...

$10,871

ARCTIC STORM INC RETIREMENT SAVINGS 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARCTIC STORM INC RETIREMENT SAVINGS 401(K) PLAN AND 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