Fincantieri Marine Systems North America, Inc. 401(K) Safe Harbor Plan — Form 5500 plan (Fincantieri Marine Systems North America, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Fincantieri Marine Systems North America, Inc. 401(K) Safe Harbor Plan is a benefit plan reported by Fincantieri Marine Systems North America, Inc. under EIN 06-1062881 and plan number 001. The latest loaded filing year is 2023. The filing reports 192 participants and $6,377,210 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$6.4MPlan net assets, end of year$6,377,210
Participants192Covered participants reported
Assets / participant$33.2KComputed: assets ÷ participants$33,215 (computed)
Provider compensation$49.4K3 Schedule C provider row(s)$49,403
Plan sponsor
Fincantieri Marine Systems North America, Inc.
EIN
06-1062881
Plan number
001
Plan type
2
Location
Chesapeake, VA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023192H, C20240910114752NAL0005602113001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$6.4M total assets
Net assets$6.4MLiabilities$0
Money in vs. money out
Total income / additions$2.3M
Total expenses$796.1K
Benefits paid / distributions$718.6K
Contributions
Employer$413.4K
Participant$679K
Full reported line items

Net assets

Total assets (EOY)
$6,377,210
Total liabilities (EOY)
$0
Net assets (EOY)
$6,377,210
Net assets (BOY)
$4,907,419

Income & contributions

Employer contributions
$413,427
Participant contributions
$679,023
Total contributions
$1,178,331
Total income / additions
$2,265,852

Expenses & distributions

Benefits paid
$718,612
Administrative expenses
$33,300
Total expenses
$796,061
Net increase / (decrease)
$1,469,791
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 38%Participant 62%
Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income32%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance Company ORECORDKEEPER$35,275$02023
Lpl Financial LLCBROKER/ADVISOR$0$11,4352023
Cherry Bekaert & Holland, LlpCONTRACT ADMIN$0$2,6932023

Related Form 5500 pages