Retirement plan

PACIFIC SHIPYARDS INTERNATIONAL, LLC 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES (N-Z)

Name: PACIFIC SHIPYARDS INTERNATIONAL LLC - PACIFIC SHIPYARDS INTERNATIONAL, LLC 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES (N-Z) (2023) 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 (N-Z), PACIFIC SHIPYARDS INTERNATIONAL LLC

PACIFIC SHIPYARDS INTERNATIONAL LLCEIN 99-0349479Plan #003PY 2023

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

Other plans on this EIN

2 filings

#001Retirement-$2.7M assets #002Retirement-$856K assets

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$595K

+182.0% from 2022

Total participants

+31.6% from 2022

Average account balance

$12,148

+118.7% from 2022

Annual return

28.22%

+16.00 pp from 2022

Benchmarks

See 14,460 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,460 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.00M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

113.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$398K

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

+13.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1538

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

$17K

$344 / participant

Other / not subdivided$17K100.0%

% of EOY assets

2.772%

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

$12,148

$80,985-85.0%

$96,576-87.4%

$75,181-83.8%

Participation rate

97.9%

71.8%+26.1pp

76.0%+21.9pp

67.2%+30.7pp

Annual return

28.22%

27.05%+1.2pp

25.87%+2.3pp

160.69%-132.5pp

Employer contribution / active EE

$4,822

$2,282+111.2%

$2,965+62.6%

$2,671+80.6%

Participant deferral / active EE

$2,185

$3,929-44.4%

$4,851-55.0%

$4,126-47.0%

Admin fee / account holder

$337

$6,719-95.0%

$8,253-95.9%

$5,650-94.0%

PACIFIC SHIPYARDS INTERNATIONAL, LLC 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES (N-Z)

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 (N-Z)

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