Retirement plan

403(B) THRIFT PLAN OF ALASKA MARINE SAFETY EDUCATION ASSOCIATION

Name: ALASKA MARINE SAFETY EDUCATION ASSOCIATION - 403(B) THRIFT PLAN OF ALASKA MARINE SAFETY EDUCATION ASSOCIATION (2019) Form 5500
Creator: ALASKA MARINE SAFETY EDUCATION ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF ALASKA MARINE SAFETY EDUCATION ASSOCIATION, ALASKA MARINE SAFETY EDUCATION ASSOCIATION

ALASKA MARINE SAFETY EDUCATION ASSOCIATIONEIN 92-0129584Plan #002PY 2019

2924 HALIBUT POINT RD - SITKA, AK 998359668907-747-3287amsea.orgLinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$505K

+31.3% from 2018

Total participants

-11.1% from 2018

Average account balance

$63,174

+47.7% from 2018

Annual return

24.44%

+31.53 pp from 2018

Benchmarks

See 35,133 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort35,133 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.27M

Not enough data

1 years with asset history on file

Average account balance

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

$637K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$105K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27436

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 codes2F2G2T

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.
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.

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

$7K

$2374 / participant

Other / not subdivided$7K100.0%

% of EOY assets

1.409%

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

$63,174

$103,000-38.7%

$90,300-30.0%

$152,885-58.7%

Participation rate

100.0%

75.9%+24.1pp

73.3%+26.7pp

82.5%+17.5pp

Annual return

24.44%

95.19%-70.8pp

78.11%-53.7pp

345.39%-321.0pp

Employer contribution / active EE

$3,464

$3,138+10.4%

$2,854+21.4%

$4,763-27.3%

Participant deferral / active EE

$7,723

$4,281+80.4%

$3,884+98.8%

$5,851+32.0%

Admin fee / account holder

$890

$6,173-85.6%

$5,353-83.4%

$11,598-92.3%

403(B) THRIFT PLAN OF ALASKA MARINE SAFETY EDUCATION ASSOCIATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF ALASKA MARINE SAFETY EDUCATION ASSOCIATION

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