Retirement plan

NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC. RETIREMENT PLAN

Name: NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC. - NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC. RETIREMENT PLAN (2023) Form 5500
Creator: NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC. RETIREMENT PLAN, NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC.

NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC.EIN 92-0062550Plan #001PY 2023

1308 SAWMILL CREEK ROAD - SITKA, AK 99835907-747-6850nsraa.orgLinkedIn11-50 employeesfishery

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.7M

+2.6% from 2022

Total participants

-2.6% from 2022

Average account balance

$47,294

+5.3% from 2022

Annual return

13.68%

+30.57 pp from 2022

Benchmarks

See 6,332 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants<25

Cohort6,332 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.25M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

173.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$127K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1161

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 codes2E2F2G3D

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$302K

$13141 / participant

Other / not subdivided$302K100.0%

% of EOY assets

17.273%

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

$47,294

$141,004-66.5%

$112,273-57.9%

$139,466-66.1%

Participation rate

100.0%

79.2%+20.8pp

72.4%+27.6pp

80.3%+19.7pp

Annual return

13.68%

32.75%-19.1pp

30.23%-16.5pp

373.66%-360.0pp

Employer contribution / active EE

$4,905

$4,285+14.5%

$3,431+43.0%

$4,754+3.2%

Participant deferral / active EE

$5,878-100.0%

$4,800-100.0%

$6,712-100.0%

Admin fee / account holder

$8,169

$9,959-18.0%

$7,752+5.4%

$11,409-28.4%

NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION, INC. RETIREMENT 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