Retirement plan

PORT MADISON ENTERPRISES 401(K) PLAN

Name: PORT MADISON ENTERPRISES - PORT MADISON ENTERPRISES 401(K) PLAN (2020) Form 5500
Creator: PORT MADISON ENTERPRISES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PORT MADISON ENTERPRISES 401(K) PLAN, PORT MADISON ENTERPRISES

PORT MADISON ENTERPRISESEIN 91-1700348Plan #001PY 2020

15347 SUQUAMISH WAY NE - SUQUAMISH, WA 98392360-598-6889portmadisonenterprises.comLinkedIn501-1000 employees

Prospect flagsHigh retiree %Corrective distributions

How to read this page

Total assets (EOY)

$30.4M

+1.8% from 2019

Total participants

1,051

-9.5% from 2019

Average account balance

$29,856

+9.5% from 2019

Annual return

12.92%

-8.96 pp from 2019

Benchmarks

See 374 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort374 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.50M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

840

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.69M

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

+13.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$198

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE3 years Service code 15 · EIN 31-4156830	Recordkeeping	$55,117
HUNNEX AND SHOEMAKER, INC.6+ years Service code 13 · EIN 91-1072394	Contract Administrator	$37,841
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LL Service code 26	Advisory (Participants)	$37,389

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$130K

$194 / participant

Investment mgmt$37K28.7%
Contract admin$38K29.0%
Other / not subdivided$55K42.3%

% of EOY assets

0.428%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,856

$54,121-44.8%

$134,162-77.7%

$73,412-59.3%

Participation rate

95.2%

64.4%+30.9pp

72.2%+23.1pp

Annual return

12.92%

-312.52%+325.4pp

36.35%-23.4pp

59.30%-46.4pp

Employer contribution / active EE

$1,915

$1,402+36.6%

$3,705-48.3%

$2,234-14.3%

Participant deferral / active EE

$2,404

$2,844-15.5%

$3,500-31.3%

$3,806-36.8%

Admin fee / account holder

$128

$132-3.3%

$6,685-98.1%

$158-19.0%

Provider

Service type

Compensation

NATIONWIDE3 years

Service code 15 · EIN 31-4156830

Recordkeeping

$55,117

HUNNEX AND SHOEMAKER, INC.6+ years

Service code 13 · EIN 91-1072394

Contract Administrator

$37,841

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY LL

Service code 26

Advisory (Participants)

$37,389

PORT MADISON ENTERPRISES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORT MADISON ENTERPRISES 401(K) 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