Plan Ledger DOL Form 5500 · updated monthly

Bluewater Energy, Inc.401(k)

BLUEWATER ENERGY, INC. 401 (K) PLAN · ACWORTH, GA · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Bluewater Energy, Inc. reported $23,472 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $822 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 0.38% to 0.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Georgia (1,357th of 2,160), and 8,573rd of 11,654 in professional & technical services. In 2024, employees put in $6.51 for every $1.00 the employer contributed; active participation has grown from 128 to 154 since 2022.

Plan summary
Net assets, end of year$8,292,071
Participants with balances112
Active participants154
Employer contributions$126,611
Employee contributions$823,955
Employer contribution per active participant$822
Average account balance$74,036
Benefits paid to participants$377,384
Plan auditUnmodified (clean) audit opinion
AuditorHLB GROSS COLLINS
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 112 accts · $127K emplr
2023$6.5M · 114 accts · $107K emplr
2022$5.8M · 116 accts · $148K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,486
Investment management$1,986
Total administrative$23,472
The Bluewater Energy, Inc. 401(k) match · 2024
Employer contribution per active participant$822
Median for plans this size$1,313
2024$822 per active participant
2023$814 per active participant
2022$1,160 per active participant

Bluewater Energy, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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
TRI-AD ACTUARIES, INC. · Contract administrator · Recordkeeping$21,486
CHARLES SCHWAB TRUST COMPANY · Custodial (securities) · Trustee (directed)$1,986

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

Recordkeeper by year2
2024TRI-AD ACTUARIES, INC.
2023TRI-AD ACTUARIES, INC.

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Administrative cost history3
2024$23,472 · 0.32%
2023$24,999 · 0.41%
2022$23,659 · 0.38%
Same employer
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Terminus Software, Inc. GA$8.5M · 0.31%
Meritage Healthcare, LLC GA$8.5M · 0.41%
Chc Technology, LLC GA$8.2M · 0.43%
Serv IT, Inc. GA$8.2M · 0.15%
PHASE3 Media, LLC GA$8.1M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453625898 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.