Retirement plan

SEALASKA CORPORATION 401(K) PLAN

Name: SEALASKA CORPORATION - SEALASKA CORPORATION 401(K) PLAN (2021) Form 5500
Creator: SEALASKA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEALASKA CORPORATION 401(K) PLAN, SEALASKA CORPORATION

SEALASKA CORPORATIONEIN 92-0042296Plan #001PY 2021

ONE SEALASKA PLAZA, SUITE 400 - JUNEAU, AK 99801907-586-9135sealaska.comLinkedIn201-500 employeesenvironmental services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$56.9M

+7.4% from 2020

Total participants

488

+4.3% from 2020

Average account balance

$118,088

+3.8% from 2020

Annual return

13.27%

-0.81 pp from 2020

Benchmarks

See 252 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort252 peers

Snapshot2021

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$61.55M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

471

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.

94.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$220

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS7+ years Service code 12 · EIN 13-3689044	Recordkeeping and information managem...	$79,139
UBS FINANCIAL SERVICES INC7+ years Service code 27 · EIN 13-2638166	Advisory (Plan)	$53,757
FUTURE PLAN CONSULTING - FORT WAYNE1 year Filed as: FUTURE PLAN Service code 16 · EIN 82-3719843	Consulting	$16,668
CHARLES SCHWAB & CO., INC.7+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$200
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO, INC. Service code 33	Securities brokerage commissions and ...	$0
NATIONAL FINANCIAL SERVICES7+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

See 1 reportable transaction. $4.99 for your first month.

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Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$158K

$522 / participant

Investment mgmt$79K49.8%
Other / not subdivided$79K50.2%

% of EOY assets

0.277%

all-in expense ratio

Categories reported

1 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$118,088

$89,904+31.3%

$453,369-74.0%

$86,799+36.0%

Participation rate

98.0%

75.7%+22.3pp

78.0%+20.0pp

72.3%+25.7pp

Annual return

13.27%

19.72%-6.5pp

64.40%-51.1pp

97.91%-84.6pp

Employer contribution / active EE

$4,314

$3,279+31.6%

$4,070+6.0%

$2,405+79.4%

Participant deferral / active EE

$10,123

$5,114+97.9%

$6,209+63.0%

$4,131+145.0%

Admin fee / account holder

$327

$156+110.1%

$11,209-97.1%

$170+93.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS7+ years

Service code 12 · EIN 13-3689044

Recordkeeping and information managem...

$79,139

UBS FINANCIAL SERVICES INC7+ years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$53,757

FUTURE PLAN CONSULTING - FORT WAYNE1 year

Filed as: FUTURE PLAN

Service code 16 · EIN 82-3719843

Consulting

$16,668

CHARLES SCHWAB & CO., INC.7+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$200

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33

Securities brokerage commissions and ...

NATIONAL FINANCIAL SERVICES7+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

SEALASKA CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEALASKA CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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