What are the fees in the Bay Shippers, LLC 401(k) plan?

For plan year 2022, Bay Shippers, LLC reported $7,165 in plan administrative expenses, or 0.64% of average plan assets — above the peer median. Fund-level expense ratios are not included in public filings.

What is the Bay Shippers, LLC 401(k) match?

In 2022, employer contributions to the Bay Shippers, LLC plan averaged $412 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Bay Shippers, LLC 401(k)?

The average participant account balance was $7,044 for plan year 2022, based on 142 accounts.

Bay Shippers, LLC401(k)

Name: Bay Shippers, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

BAY SHIPPERS, LLC 401 (K) PROFIT SHARING PLAN · NEW CASTLE, DE · plan year 2022

Reported admin expense ratio · 2022

0.64%

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

Bay Shippers, LLC reported $7,165 in plan administrative expenses for 2022: 0.64% of average plan assets, above the peer median. Employer contributions averaged $412 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Delaware (229th of 242), and 2,308th of 2,677 in transportation & warehousing. In 2022, employees put in $3.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,000,248
Participants with balances142
Active participants111
Employer contributions$45,692
Employee contributions$171,998
Employer contribution per active participant$412
Average account balance$7,044
Benefits paid to participants$252,883
Plan auditUnmodified (clean) audit opinion
AuditorBELFINT, LYONS & SHUMAN, P.A.

Administrative expenses, itemized · 2022

Professional / advisory$7,165

Total administrative$7,165

The Bay Shippers, LLC 401(k) match · 2022

Employer contribution per active participant$412

Median for plans this size$1,114

Bay Shippers, LLC's 2022 employer contribution ran below the $1,114 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$7,165 · 0.64%

Similar plansTransportation & Warehousing · Delaware
Veho Tech, Inc. DE$8.0M · 0.55%
Dumont Aviation Group, Inc. DE$3.7M · 0.39%
David G. Horsey & Sons, Inc. DE$1.9M · 1.08%
Arnold Transportation Services, Inc. DE$1.8M · 0.22%
Allstates Trucking, Inc. WI$1.0M
Wayne Smith Trucking, Inc. AR$1.0M · 1.37%
R.E. Monson, Inc. IA$1.0M
Southern Tier Express, Inc. NY$1.0M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431981688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.