Retirement plan

SOUTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC. 403(B) PLAN

Name: SOUTHERN SOUTHEAST REGIONAL AQUCULTURE ASSOCIATION, INC. - SOUTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC. 403(B) PLAN (2021) Form 5500
Creator: SOUTHERN SOUTHEAST REGIONAL AQUCULTURE ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC. 403(B) PLAN, SOUTHERN SOUTHEAST REGIONAL AQUCULTURE ASSOCIATION, INC.

SOUTHERN SOUTHEAST REGIONAL AQUCULTURE ASSOCIATION, INC.EIN 92-0057726Plan #001PY 2021

14 BORCH STREET - KETCHIKAN, AK 99901907-228-4386LinkedIn51-200 employeesmuseums and institutions

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4M

+13.3% from 2020

Total participants

-13.0% from 2020

Average account balance

$68,159

+17.1% from 2020

Annual return

14.64%

+4.03 pp from 2020

Benchmarks

See 2,182 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,182 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.91M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

173.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$437K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13051

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 codes2G2L2M2T2F3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

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

$398K

$8474 / participant

Other / not subdivided$398K100.0%

% of EOY assets

9.904%

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

$68,159

$70,587-3.4%

$124,693-45.3%

$85,856-20.6%

Participation rate

83.0%

64.4%+18.6pp

74.6%+8.4pp

69.3%+13.7pp

Annual return

14.64%

20688.83%-20674.2pp

5144.19%-5129.6pp

318.58%-303.9pp

Employer contribution / active EE

$2,742

$1,913+43.3%

$3,324-17.5%

$2,565+6.9%

Participant deferral / active EE

$4,213

$2,969+41.9%

$4,615-8.7%

$3,952+6.6%

Admin fee / account holder

$6,750

$5,282+27.8%

$7,494-9.9%

$6,261+7.8%

SOUTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC. 403(B) 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