Retirement plan

RETIREMENT PLAN FOR EMPLOYEES OF MATSON

Name: MATSON, INC. - RETIREMENT PLAN FOR EMPLOYEES OF MATSON (2023) Form 5500
Creator: MATSON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN FOR EMPLOYEES OF MATSON, MATSON, INC.

MATSON, INC.EIN 99-0032630Plan #014PY 2023

555 12TH STREET - OAKLAND, CA 94607510-628-4000

Other plans on this EIN

3 filings

#016Retirement-$285.7M assets #022Retirement-$43.8M assets #015Retirement-$13.5M assets

Prospect flagsHigh retiree %Low employer contribution

Top hat statement on fileNQDC

Filed September 21, 2012

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$231.3M

-3.0% from 2016

Total participants

1,838

-3.0% from 2016

Average account balance

No prior year

Annual return

11.81%

-9.60 pp from 2016

Benchmarks

See 52 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined benefit

Participants250-999

Cohort52 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$242.28M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

1,106

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 11 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$174,594
THE LONDON COMPANY1 year Service code 51 · EIN 90-0824693	Investment Mgmt Fees	$169,567
ANCHOR CAPITAL ADVISORS LLC1 year Filed as: ANCHOR CAPITAL Service code 51 · EIN 20-4669888	Investment Mgmt Fees	$135,894
CAMBRIA INVESTORS, LLC1 year Service code 51 · EIN 84-1596610	Investment Mgmt Fees	$99,434
OAKHURST CAPITAL MANAGEMENT LLC1 year Filed as: OAKHURST CAPITAL MANAGEMENT, LLC Service code 28 · EIN 85-3620002	Investment Management	$76,816
SCHARF INVESTMENTS LLC1 year Filed as: SCHARF INVESTMENTS, LLC Service code 28 · EIN 26-3775085	Investment Management	$75,304
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INSURANCE COMPANY OF AME Service code 51 · EIN 22-1211670	Investment Mgmt Fees	$69,280
BOYD WATTERSON ASSET MANAGEMENT1 year Service code 28 · EIN 34-1922005	Investment Management	$46,550
ALLSPRING1 year Filed as: ALLSPRING GLOBAL INVESTMENT, LLC Service code 51 · EIN 45-2081287	Investment Mgmt Fees	$43,759
MORGAN STANLEY SMITH BARNEY1 year Filed as: J.P. MORGAN INVESTMENT MANAGER Service code 27 · EIN 13-3200244	Advisory (Plan)	$31,535

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$1.7M

$2302 / participant

Trustee / custodial$214K12.8%
Investment mgmt$863K51.4%
Actuarial$384K22.9%
Other trustee fees$47K2.8%
Other / not subdivided$169K10.1%

% of EOY assets

0.726%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PBMARES
Auditor EIN: 540737372
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,299,877-100.0%

$7,193,366-100.0%

$3,299,877-100.0%

Participation rate

0.0%

0.0%0pp

16.7%-16.7pp

2.3%-2.3pp

Annual return

11.81%

724.96%-713.1pp

78.62%-66.8pp

37.77%-26.0pp

Employer contribution / active EE

$4,630

$14,638-68.4%

$31,646-85.4%

$15,798-70.7%

Participant deferral / active EE

$1,109-100.0%

$101-100.0%

$732-100.0%

Admin fee / account holder

$9,287-100.0%

$75,389-100.0%

$9,287-100.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$174,594

THE LONDON COMPANY1 year

Service code 51 · EIN 90-0824693

Investment Mgmt Fees

$169,567

ANCHOR CAPITAL ADVISORS LLC1 year

Filed as: ANCHOR CAPITAL

Service code 51 · EIN 20-4669888

Investment Mgmt Fees

$135,894

CAMBRIA INVESTORS, LLC1 year

Service code 51 · EIN 84-1596610

Investment Mgmt Fees

$99,434

OAKHURST CAPITAL MANAGEMENT LLC1 year

Filed as: OAKHURST CAPITAL MANAGEMENT, LLC

Service code 28 · EIN 85-3620002

Investment Management

$76,816

SCHARF INVESTMENTS LLC1 year

Filed as: SCHARF INVESTMENTS, LLC

Service code 28 · EIN 26-3775085

Investment Management

$75,304

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INSURANCE COMPANY OF AME

Service code 51 · EIN 22-1211670

Investment Mgmt Fees

$69,280

BOYD WATTERSON ASSET MANAGEMENT1 year

Service code 28 · EIN 34-1922005

Investment Management

$46,550

ALLSPRING1 year

Filed as: ALLSPRING GLOBAL INVESTMENT, LLC

Service code 51 · EIN 45-2081287

Investment Mgmt Fees

$43,759

MORGAN STANLEY SMITH BARNEY1 year

Filed as: J.P. MORGAN INVESTMENT MANAGER

Service code 27 · EIN 13-3200244

Advisory (Plan)

$31,535

RETIREMENT PLAN FOR EMPLOYEES OF MATSON

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN FOR EMPLOYEES OF MATSON

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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