Retirement plan

AL LARSON BOAT SHOP 401K PLAN

Name: AL LARSON BOAT SHOP INC. - AL LARSON BOAT SHOP 401K PLAN (2017) Form 5500
Creator: AL LARSON BOAT SHOP INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AL LARSON BOAT SHOP 401K PLAN, AL LARSON BOAT SHOP INC.

AL LARSON BOAT SHOP INC.EIN 95-0923340Plan #004PY 2017

1046 S. SEASIDE AVENUE - SAN PEDRO, CA 907317334310-514-4100larsonboat.comLinkedIn51-200 employeesmachinery

Prospect flagsLow returnsHigh cashRecently reached 100 employees

How to read this page

Total assets (EOY)

$7.3M

+20.7% from 2016

Total participants

109

-11.4% from 2016

Average account balance

$72,078

-6.8% from 2016

Annual return

12.18%

+6.36 pp from 2016

Benchmarks

See 7,912 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,912 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.15M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

54.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$349K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9942

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

Top 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$12,381
ACTUARIAL BENEFITS CORP1 year Filed as: ACTUARIAL BENEFITS CORP. Service code 13	Contract Administrator	$3,181
ACTUARIAL BENEFITS CORP1 year Filed as: ACTUARIAL BENEFITS CORPORATION Service code 13 · EIN 20-1054428	Contract Administrator	$0

Plan features & details

Pension benefit codes2F2G2J2K

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.
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.

Opportunity flags

3 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.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$12K

$132 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.170%

all-in expense ratio

Categories reported

0 / 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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,078

$53,128+35.7%

$86,582-16.8%

$70,126+2.8%

Participation rate

91.5%

65.3%+26.2pp

73.5%+17.9pp

69.5%+21.9pp

Annual return

12.18%

27.66%-15.5pp

965.08%-952.9pp

73.15%-61.0pp

Employer contribution / active EE

$4,747

$2,068+129.6%

$2,839+67.2%

$2,343+102.7%

Participant deferral / active EE

$4,125

$2,695+53.1%

$3,609+14.3%

$3,332+23.8%

Admin fee / account holder

$123

$3,584-96.6%

$4,904-97.5%

$4,645-97.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$12,381

ACTUARIAL BENEFITS CORP1 year

Filed as: ACTUARIAL BENEFITS CORP.

Service code 13

Contract Administrator

$3,181

ACTUARIAL BENEFITS CORP1 year

Filed as: ACTUARIAL BENEFITS CORPORATION

Service code 13 · EIN 20-1054428

Contract Administrator

AL LARSON BOAT SHOP 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AL LARSON BOAT SHOP 401K 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