Retirement plan

MOCEAN RETIREMENT PLAN

Name: MOCEAN, LLC - MOCEAN RETIREMENT PLAN (2023) Form 5500
Creator: MOCEAN, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOCEAN RETIREMENT PLAN, MOCEAN, LLC

MOCEAN, LLCEIN 95-4785612Plan #003PY 2023

2440 SOUTH SEPULVEDA BLVD., SUITE 150 - LOS ANGELES, CA 90064310-481-0500moceanla.comLinkedIn201-500 employeesmarketing and advertising

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$22.4M

+18.6% from 2022

Total participants

264

-2.2% from 2022

Average account balance

$140,286

+98.7% from 2022

Annual return

18.93%

+35.29 pp from 2022

Benchmarks

See 1,032 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,032 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$25.27M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

244

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.

92.6%

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

$9K

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

+14.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$375

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$79,014
ACTUARIAL BENEFITS CORP1 year Filed as: ACTUARIAL BENEFITS CORPORTATION Service code 49	Other Services	$23,640
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: ACCELERATE RETIREMENT Service code 27 · EIN 92-2678185	Advisory (Plan)	$16,855
RESOURCES INVESTMENT ADVISORS LLC5 years Filed as: RESOURCES INVESTMENT ADVISORS Service code 27 · EIN 43-1451524	Advisory (Plan)	$13,150
ACTUARIAL BENEFITS CORP9+ years Service code 49 · EIN 20-1052442	Other Services	$0
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$79K

$462 / participant

Contract admin$79K100.0%

% of EOY assets

0.352%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HOLTHOUSE CARLIN & VAN TRIGT LLP
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,286

$69,477+101.9%

$94,646+48.2%

$71,457+96.3%

Participation rate

39.2%

78.4%-39.3pp

80.8%-41.6pp

67.9%-28.7pp

Annual return

18.93%

29.66%-10.7pp

156.71%-137.8pp

28.85%-9.9pp

Employer contribution / active EE

$1,587

$2,853-44.4%

$3,672-56.8%

$2,588-38.7%

Participant deferral / active EE

$8,576

$7,345+16.8%

$7,418+15.6%

$4,289+100.0%

Admin fee / account holder

$494

$1,210-59.2%

$7,231-93.2%

$1,587-68.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$79,014

ACTUARIAL BENEFITS CORP1 year

Filed as: ACTUARIAL BENEFITS CORPORTATION

Service code 49

Other Services

$23,640

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: ACCELERATE RETIREMENT

Service code 27 · EIN 92-2678185

Advisory (Plan)

$16,855

RESOURCES INVESTMENT ADVISORS LLC5 years

Filed as: RESOURCES INVESTMENT ADVISORS

Service code 27 · EIN 43-1451524

Advisory (Plan)

$13,150

ACTUARIAL BENEFITS CORP9+ years

Service code 49 · EIN 20-1052442

Other Services

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MGMT

Service code 26 · EIN 36-4317381

Advisory (Participants)

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MGMT LLC

Service code 26

Advisory (Participants)

MOCEAN RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOCEAN RETIREMENT 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