Retirement plan

CATALINA CHANNEL EXPRESS, INC. 401(K) PLAN AND TRUST

Name: CATALINA CHANNEL EXPRESS, INC. - CATALINA CHANNEL EXPRESS, INC. 401(K) PLAN AND TRUST (2024) Form 5500
Creator: CATALINA CHANNEL EXPRESS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CATALINA CHANNEL EXPRESS, INC. 401(K) PLAN AND TRUST, CATALINA CHANNEL EXPRESS, INC.

CATALINA CHANNEL EXPRESS, INC.EIN 95-3650406Plan #001PY 2024

385 E. SWINFORD ST., 2ND FLOOR - SAN PEDRO, CA 90731310-519-7971

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$30.1M

+12.9% from 2023

Total participants

354

+5.7% from 2023

Average account balance

$90,495

+8.5% from 2023

Annual return

12.66%

-0.68 pp from 2023

Benchmarks

See 1,431 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.13M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

333

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$306

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$956
LPL FINANCIAL7 years Filed as: LPL FINANCIAL LLC Service code 26 · EIN 04-3096611 25500 HAWTHORNE BLVD., STE. 2100 · TORRANCE, CA 90505	Advisory (Participants)	$0
WILSHIRE ASSOCIATES INCORPORATED8 years Filed as: WILSHIRE ASSOCIATES INC Service code 26 1299 OCEAN AVE. · SANTA MONICA, CA 90401	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$102K

$411 / participant

Recordkeeping$4K3.9%
Investment mgmt$54K52.7%
Contract admin$44K43.4%

% of EOY assets

0.338%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,495

$30,421+197.5%

$56,077+61.4%

$74,429+21.6%

Participation rate

91.5%

32.9%+58.7pp

52.5%+39.0pp

67.2%+24.3pp

Annual return

12.66%

24.94%-12.3pp

1709.28%-1696.6pp

1368.38%-1355.7pp

Employer contribution / active EE

$2,074

$610+240.1%

$1,040+99.3%

$2,625-21.0%

Participant deferral / active EE

$4,114

$1,175+250.1%

$1,954+110.5%

$4,348-5.4%

Admin fee / account holder

$306

$2,363-87.0%

$2,825-89.2%

$1,944-84.3%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY10+ years

Filed as: JOHN HANCOCK LIFE INSURANCE CO.

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$956

LPL FINANCIAL7 years

Filed as: LPL FINANCIAL LLC

Service code 26 · EIN 04-3096611

25500 HAWTHORNE BLVD., STE. 2100 · TORRANCE, CA 90505

Advisory (Participants)

WILSHIRE ASSOCIATES INCORPORATED8 years

Filed as: WILSHIRE ASSOCIATES INC

Service code 26

1299 OCEAN AVE. · SANTA MONICA, CA 90401

Advisory (Participants)

CATALINA CHANNEL EXPRESS, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CATALINA CHANNEL EXPRESS, INC. 401(K) PLAN AND TRUST

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