Retirement plan

OCEANIT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN

Name: OCEANIT LABORATORIES, INC. - OCEANIT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: OCEANIT LABORATORIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCEANIT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN, OCEANIT LABORATORIES, INC.

OCEANIT LABORATORIES, INC.EIN 99-0238128Plan #001PY 2017

828 FORT STREET, SUITE 600 - HONOLULU, HI 96813808-531-3017

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$9.9M

-0.0% from 2016

Total participants

-8.1% from 2016

Average account balance

$122,123

+4.9% from 2016

Annual return

13.96%

+7.24 pp from 2016

Benchmarks

See 25,068 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,068 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.84M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

127.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$749K

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

+15.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14486

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
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$37,187
MORGAN STANLEY SMITH BARNEY2+ years Service code 27 1 NEW YORK PLAZA, 12TH FLOOR · NEW YORK, NY 10004	Advisory (Plan)	$24,434
HOWARD SIMON & ASSOCIATES, INC.1 year Filed as: HOWARD MILLER & ASSOCIATES, LLC Service code 13 P.O. BOX 3560 · HONOLULU, HI 96811	Contract Administrator	$7,988

Plan features & details

Pension benefit codes2E2G2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2.0M

$28387 / participant

Other / not subdivided$2M100.0%

% of EOY assets

20.662%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,123

$85,766+42.4%

$136,297-10.4%

$70,124+74.2%

Participation rate

86.1%

74.2%+12.0pp

81.9%+4.2pp

69.5%+16.6pp

Annual return

13.96%

31.45%-17.5pp

5156.19%-5142.2pp

73.14%-59.2pp

Employer contribution / active EE

$804

$2,966-72.9%

$4,696-82.9%

$2,342-65.7%

Participant deferral / active EE

$7,772

$5,051+53.9%

$6,247+24.4%

$3,332+133.3%

Admin fee / account holder

$25,233

$5,420+365.5%

$9,244+173.0%

$4,645+443.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$37,187

MORGAN STANLEY SMITH BARNEY2+ years

Service code 27

1 NEW YORK PLAZA, 12TH FLOOR · NEW YORK, NY 10004

Advisory (Plan)

$24,434

HOWARD SIMON & ASSOCIATES, INC.1 year

Filed as: HOWARD MILLER & ASSOCIATES, LLC

Service code 13

P.O. BOX 3560 · HONOLULU, HI 96811

Contract Administrator

$7,988

OCEANIT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCEANIT LABORATORIES, INC. 401(K) PROFIT SHARING 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