Retirement plan

EMPLOYEE BENEFIT PLAN OF MARINE EXCHANGE OF ALASKA, INC.

Name: MARINE EXCHANGE OF ALASKA, INC. - EMPLOYEE BENEFIT PLAN OF MARINE EXCHANGE OF ALASKA, INC. (2020) Form 5500
Creator: MARINE EXCHANGE OF ALASKA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF MARINE EXCHANGE OF ALASKA, INC., MARINE EXCHANGE OF ALASKA, INC.

MARINE EXCHANGE OF ALASKA, INC.EIN 92-0173630Plan #001PY 2020

1050 HARBOR WAY - JUNEAU, AK 998011542907-463-2607mxak.orgLinkedIn11-50 employeesmaritime

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+36.2% from 2019

Total participants

0.0% from 2019

Average account balance

$66,024

+36.2% from 2019

Annual return

18.11%

+18.11 pp from 2019

Benchmarks

See 6,940 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort6,940 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.93M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

151.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$803K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+16.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$784

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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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 codes2F2G2S2T

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.
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.

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

$167K

$7974 / participant

Other / not subdivided$167K100.0%

% of EOY assets

8.454%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,024

$102,616-35.7%

$81,983-19.5%

$158,922-58.5%

Participation rate

100.0%

75.5%+24.5pp

69.2%+30.8pp

82.0%+18.0pp

Annual return

18.11%

61.04%-42.9pp

41.31%-23.2pp

302.83%-284.7pp

Employer contribution / active EE

$12,154

$3,240+275.1%

$2,498+386.5%

$4,761+155.3%

Participant deferral / active EE

$8,355

$4,648+79.8%

$3,722+124.5%

$5,982+39.7%

Admin fee / account holder

$5,582

$8,235-32.2%

$5,664-1.5%

$11,246-50.4%

EMPLOYEE BENEFIT PLAN OF MARINE EXCHANGE OF ALASKA, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF MARINE EXCHANGE OF ALASKA, INC.

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