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 (2023) 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 2023

14 BORCH STREET - KETCHIKAN, AK 999019046907-225-9605LinkedIn51-200 employeesmuseums and institutions

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.9M

+3.0% from 2022

Total participants

-3.9% from 2022

Average account balance

$53,607

-1.3% from 2022

Annual return

12.95%

+28.32 pp from 2022

Benchmarks

See 2,339 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,339 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.94M

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.

146.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$357K

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

+9.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10234

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

$715K

$17446 / participant

Other / not subdivided$715K100.0%

% of EOY assets

18.279%

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

$53,607

$61,605-13.0%

$112,273-52.3%

$75,173-28.7%

Participation rate

97.6%

61.7%+35.9pp

72.4%+25.1pp

67.2%+30.4pp

Annual return

12.95%

28.47%-15.5pp

30.23%-17.3pp

160.72%-147.8pp

Employer contribution / active EE

$3,399

$2,015+68.7%

$3,431-0.9%

$2,671+27.3%

Participant deferral / active EE

$4,225

$3,108+35.9%

$4,800-12.0%

$4,126+2.4%

Admin fee / account holder

$9,799

$4,862+101.5%

$7,752+26.4%

$5,651+73.4%

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