Retirement plan

PACIFIC SHIPYARDS INTERNATIONAL, LLC 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES (A-M)

Name: PACIFIC SHIPYARDS INTERNATIONAL LLC - PACIFIC SHIPYARDS INTERNATIONAL, LLC 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES (A-M) (2024) Form 5500
Creator: PACIFIC SHIPYARDS INTERNATIONAL LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFIC SHIPYARDS INTERNATIONAL, LLC 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES (A-M), PACIFIC SHIPYARDS INTERNATIONAL LLC

PACIFIC SHIPYARDS INTERNATIONAL LLCEIN 99-0349479Plan #002PY 2024

705 N. NIMITZ HWY, 1ST FLOOR - HONOLULU, HI 968175035808-848-6333pacificshipyards.comLinkedIn51-200 employeesshipbuilding

Other plans on this EIN

3 filings

#001Retirement-$3.6M assets #003Retirement-$1.0M assets #004Retirement-$393K assets

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$1.5M

+73.0% from 2023

Total participants

+11.1% from 2023

Average account balance

$21,784

+52.6% from 2023

Annual return

20.13%

-4.68 pp from 2023

Benchmarks

See 14,164 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,164 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.48M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

111.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$504K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+20.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1008

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$69K

$1123 / participant

Other / not subdivided$69K100.0%

% of EOY assets

4.625%

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

$21,784

$86,938-74.9%

$102,423-78.7%

$80,925-73.1%

Participation rate

96.7%

72.4%+24.3pp

76.5%+20.2pp

67.7%+29.1pp

Annual return

20.13%

18.89%+1.2pp

29.42%-9.3pp

35.65%-15.5pp

Employer contribution / active EE

$5,462

$2,369+130.5%

$3,023+80.7%

$2,756+98.2%

Participant deferral / active EE

$2,801

$4,120-32.0%

$5,054-44.6%

$4,299-34.8%

Admin fee / account holder

$1,008

$8,053-87.5%

$9,455-89.3%

$6,940-85.5%

PACIFIC SHIPYARDS INTERNATIONAL, LLC 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES (A-M)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC SHIPYARDS INTERNATIONAL, LLC 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES (A-M)

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