Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees American Maritime Officers Defined Contribution PlanProfit-sharing plan

AMERICAN MARITIME OFFICERS DEFINED CONTRIBUTION PLAN · DANIA BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Board of Trustees American Maritime Officers Defined Contribution Plan reported $1,215,700 in plan administrative expenses for 2024: 0.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,845 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 0.49% to 0.36%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 109th-largest of 3,644 plans among Florida employers on file, and the 99th of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$355,978,138
Participants with balances4,972
Active participants4,803
Employer contributions$32,875,950
Employee contributions—
Employer contribution per active participant$6,845
Average account balance$71,597
Benefits paid to participants$26,189,439
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$356.0M · 4,972 accts · $32.9M emplr
2023$313.7M · 4,675 accts · $28.9M emplr
2022$244.6M · 4,939 accts · $27.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$135,419
Investment management$74,303
Audit (IQPA)$77,014
Trustee / custodial$1,793
Total administrative$1,215,700
Employer contributions to the Board of Trustees American Maritime Officers Defined Contribution Plan plan · 2024
Employer contribution per active participant$6,845
Median for plans this size$4,294
2024$6,845 per active participant
2023$6,879 per active participant
2022$6,390 per active participant

Board of Trustees American Maritime Officers Defined Contribution Plan's 2024 employer contribution ran above the $4,294 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 · 20247
AMO MASTER OPERATING TRUST · Recordkeeping · Other services$874,723
NEWPORT GROUP, INC · Claims processing · Recordkeeping$79,742
JOHN HANCOCK RETIREMENT SERV · Claims processing · Recordkeeping$73,753
OKSANA KOCHERGINA · Recordkeeping · Consulting$7,338
WITHUMSMITH+BROWN, PC · Accounting / audit$90,900
MERRILL LYNCH, PIERCE, FENNER · Custodial (securities) · Investment advisory (participants)$42,341
MATRIX TRUST COMPANY · Claims processing · Custodial (securities)$31,962

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

Recordkeeper by year2
2024AMO MASTER OPERATING TRUST, John Hancock, Newport (Ascensus), OKSANA KOCHERGINA
2023AMO MASTER OPERATING TRUST, Newport (Ascensus), OKSANA KOCHERGINA

This plan has changed recordkeepers within these filings. If you left Board of Trustees American Maritime Officers Defined Contribution Plan before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,215,700 · 0.36%
2023$1,153,303 · 0.41%
2022$1,083,461 · 0.49%
Similar plansTransportation & Warehousing · Florida
Carnival Corporation FL$500.6M · 0.08%
Crowley Holdings Inc. FL$410.6M · 0.06%
Ncl Bahamas LTD FL$330.2M
Signature Aviation USA, LLC FL$304.4M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 271269640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.