Plan Ledger DOL Form 5500 · updated monthly

Ancon Marine, Inc.401(k)

ANCON MARINE, INC. 401(K) PLAN · LOS ALAMITOS, CA · plan year 2024

Reported admin expense ratio · 2024
0.93%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Ancon Marine, Inc. reported $133,952 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~90% of peers. Employer contributions averaged $735 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.87% to 0.93%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 4,239th-largest of 9,483 plans among California employers on file, and the 875th of 2,677 in transportation & warehousing. In 2024, employees put in $4.17 for every $1.00 the employer contributed; active participation has grown from 462 to 562 since 2022.

Plan summary
Net assets, end of year$15,927,363
Participants with balances283
Active participants562
Employer contributions$412,838
Employee contributions$1,722,075
Employer contribution per active participant$735
Average account balance$56,280
Benefits paid to participants$648,089
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 283 accts · $413K emplr
2023$12.8M · 253 accts · $337K emplr
2022$9.8M · 222 accts · $281K emplr
Administrative expenses, itemized · 2024
Investment management$133,952
Total administrative$133,952
The Ancon Marine, Inc. 401(k) match · 2024
Employer contribution per active participant$735
Median for plans this size$2,416
2024$735 per active participant
2023$599 per active participant
2022$609 per active participant

Ancon Marine, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK · Recordkeeping · Investment management$52,289
GLOBAL RETIREMENT PARTNERS · Investment advisory (participants)$44,773

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$133,952 · 0.93%
2023$118,984 · 1.06%
2022$84,924 · 0.87%
Same employer
Similar plansTransportation & Warehousing · California
Air New Zealand LTD CA$17.0M · 0.29%
Hrd Aero Systems, Inc. CA$16.3M · 0.44%
Price Transfer, Inc. CA$15.8M · 0.61%
Watchpoint Logistics, Inc. CA$15.1M · 0.02%
Dreisbach Enterprises, Inc. CA$14.5M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330392593 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.