Plan Ledger DOL Form 5500 · updated monthly

Apex Maritime Co., Inc.401(k)

APEX MARITIME CO., INC. 401(K) PROFIT SHARING PLAN · BURLINGAME, CA · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Apex Maritime Co., Inc. reported $525 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,594 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 0.002% to 0.002%. 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 2,637th-largest of 9,483 plans among California employers on file, and the 544th of 2,677 in transportation & warehousing. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has shrunk from 115 to 100 since 2022.

Plan summary
Net assets, end of year$30,562,884
Participants with balances141
Active participants100
Employer contributions$859,381
Employee contributions$1,365,605
Employer contribution per active participant$8,594
Average account balance$216,758
Benefits paid to participants$1,233,141
Plan auditUnmodified (clean) audit opinion
AuditorCHEK TAN AND COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$30.6M · 141 accts · $859K emplr
2023$27.4M · 142 accts · $814K emplr
2022$24.0M · 135 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$525
Total administrative$525
The Apex Maritime Co., Inc. 401(k) match · 2024
Employer contribution per active participant$8,594
Median for plans this size$2,416
2024$8,594 per active participant
2023$7,081 per active participant
2022$9,028 per active participant

Apex Maritime Co., Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20241

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$525 · 0.00%
2023$425 · 0.00%
2022$400 · 0.00%
Similar plansTransportation & Warehousing · California
Qantas Airways Limited CA$30.7M · 0.31%
Logisteed America, Inc. CA$29.2M · 0.35%
Kaiserair, Inc. CA$28.6M · 0.19%
Matheson Trucking, Inc. CA$28.2M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943112017 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.