Retirement plan

GENERAL STEAMSHIP PROFIT SHARING & RETIREMENT SAVINGS PLAN

Name: GENERAL STEAMSHIP AGENCIES, INC. - GENERAL STEAMSHIP PROFIT SHARING & RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: GENERAL STEAMSHIP AGENCIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL STEAMSHIP PROFIT SHARING & RETIREMENT SAVINGS PLAN, GENERAL STEAMSHIP AGENCIES, INC.

GENERAL STEAMSHIP AGENCIES, INC.EIN 94-3169159Plan #004PY 2017

575 REDWOOD HWY STE 200 - MILL VALLEY, CA 949413007415-389-5243gensteam.comLinkedIn51-200 employeesmaritime

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$16.7M

+8.6% from 2016

Total participants

145

-6.5% from 2016

Average account balance

$127,649

+11.1% from 2016

Annual return

11.88%

+5.47 pp from 2016

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.79M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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.

127

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.

81.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$179

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
NORTHWEST PLAN SERVICES, INC.3+ years Service code 15 · EIN 91-2090931 5446 CALIFORNIA AVE SW, #200 · SEATTLE, WA 98136	Recordkeeping	$16,526
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 12401 RESEARCH BLVD · AUSTIN, TX 78759	Securities Custodian	$7,984

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$25K

$233 / participant

Contract admin$25K100.0%

% of EOY assets

0.147%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,649

$46,297+175.7%

$71,671+78.1%

$62,293+104.9%

Participation rate

86.7%

60.6%+26.0pp

68.7%+17.9pp

69.5%+17.2pp

Annual return

11.88%

22.32%-10.4pp

20.65%-8.8pp

28.90%-17.0pp

Employer contribution / active EE

$1,855

$1,412+31.4%

$2,460-24.6%

$2,042-9.2%

Participant deferral / active EE

$4,847

$2,235+116.8%

$3,438+41.0%

$3,169+52.9%

Admin fee / account holder

$187

$461-59.4%

$5,558-96.6%

$479-61.0%

Provider

Service type

Compensation

NORTHWEST PLAN SERVICES, INC.3+ years

Service code 15 · EIN 91-2090931

5446 CALIFORNIA AVE SW, #200 · SEATTLE, WA 98136

Recordkeeping

$16,526

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

12401 RESEARCH BLVD · AUSTIN, TX 78759

Securities Custodian

$7,984

GENERAL STEAMSHIP PROFIT SHARING & RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL STEAMSHIP PROFIT SHARING & RETIREMENT SAVINGS 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