Retirement plan

FENIX MARINE SERVICES, LTD. 401(K) PLAN FOR ILWU LOCAL 63 OFFICE CLERICAL UNIT

Name: FENIX MARINE SERVICES, LTD. - FENIX MARINE SERVICES, LTD. 401(K) PLAN FOR ILWU LOCAL 63 OFFICE CLERICAL UNIT (2024) Form 5500
Creator: FENIX MARINE SERVICES, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FENIX MARINE SERVICES, LTD. 401(K) PLAN FOR ILWU LOCAL 63 OFFICE CLERICAL UNIT, FENIX MARINE SERVICES, LTD.

FENIX MARINE SERVICES, LTD.EIN 94-2538559Plan #001PY 2024

PO BOX 14630 - SCOTTSDALE, AZ 85267480-935-5711

Other plans on this EIN

2 filings

#003Retirement-$16.2M assets #002Retirement-$2.8M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.5M

+10.2% from 2023

Total participants

+14.3% from 2023

Average account balance

$187,699

-3.6% from 2023

Annual return

8.23%

-4.29 pp from 2023

Benchmarks

See 9,752 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,752 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.50M

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$293K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+8.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9923

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 codes2E2F2G2J2T3D

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$238K

$11908 / participant

Other / not subdivided$238K100.0%

% of EOY assets

5.287%

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

$187,699

$90,489+107.4%

$76,051+146.8%

$145,978+28.6%

Participation rate

100.0%

74.5%+25.5pp

69.1%+30.9pp

80.3%+19.7pp

Annual return

8.23%

622.78%-614.6pp

360.42%-352.2pp

550.52%-542.3pp

Employer contribution / active EE

$2,100

$3,319-36.7%

$2,690-21.9%

$4,662-55.0%

Participant deferral / active EE

$12,535

$5,164+142.7%

$4,257+194.4%

$6,690+87.4%

Admin fee / account holder

$9,923

$8,374+18.5%

$6,416+54.7%

$13,400-25.9%

FENIX MARINE SERVICES, LTD. 401(K) PLAN FOR ILWU LOCAL 63 OFFICE CLERICAL UNIT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FENIX MARINE SERVICES, LTD. 401(K) PLAN FOR ILWU LOCAL 63 OFFICE CLERICAL UNIT

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