Plan Ledger DOL Form 5500 · updated monthly

Atlantic Diving Supply, Inc.401(k)

ATLANTIC DIVING SUPPLY 401(K) PROFIT SHARING PLAN & TRUST · VIRGINIA BEACH, VA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Atlantic Diving Supply, Inc. reported $11,323 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,565 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 fell from 0.16% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 466th-largest of 2,266 plans among Virginia employers on file, and the 627th of 5,215 in retail trade. In 2024, employees put in $2.61 for every $1.00 the employer contributed; active participation has grown from 348 to 417 since 2022.

Plan summary
Net assets, end of year$53,075,273
Participants with balances591
Active participants417
Employer contributions$1,903,771
Employee contributions$4,968,467
Employer contribution per active participant$4,565
Average account balance$89,806
Benefits paid to participants$4,805,093
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.1M · 591 accts · $1.9M emplr
2023$44.4M · 539 accts · $948K emplr
2022$35.8M · 506 accts · $644K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,323
Total administrative$11,323
The Atlantic Diving Supply, Inc. 401(k) match · 2024
Employer contribution per active participant$4,565
Median for plans this size$2,416
2024$4,565 per active participant
2023$2,469 per active participant
2022$1,851 per active participant

Atlantic Diving Supply, 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$11,323

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

Administrative cost history3
2024$11,323 · 0.02%
2023$20,954 · 0.05%
2022$65,664 · 0.16%
Same employer
Similar plansRetail Trade · Virginia
Lindsay Chevrolet, LLC VA$76.8M · 0.18%
Page Associates, Inc. VA$49.3M · 0.33%
Five Guys Enterprises LLC VA$43.5M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541867268 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.