Plan Ledger DOL Form 5500 · updated monthly

Central Boat Rentals, Inc.401(k)

CENTRAL BOAT RENTALS, INC. RETIREMENT PLAN AND TRUST · BERWICK, LA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Central Boat Rentals, Inc. reported $2,587 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $963 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 0.04% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is the 410th-largest of 884 plans among Louisiana employers on file, and the 2,506th of 5,215 in retail trade. In 2024, employees put in $3.32 for every $1.00 the employer contributed; active participation has grown from 241 to 291 since 2022.

Plan summary
Net assets, end of year$10,703,007
Participants with balances146
Active participants291
Employer contributions$280,360
Employee contributions$930,611
Employer contribution per active participant$963
Average account balance$73,308
Benefits paid to participants$418,673
Plan auditUnmodified (clean) audit opinion
AuditorDARNALL SIKES & FREDERICK, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 146 accts · $280K emplr
2023$8.9M · 134 accts · $225K emplr
2022$7.7M · 129 accts · $261K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,587
Total administrative$2,587
The Central Boat Rentals, Inc. 401(k) match · 2024
Employer contribution per active participant$963
Median for plans this size$1,313
2024$963 per active participant
2023$997 per active participant
2022$1,083 per active participant

Central Boat Rentals, 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
HANCOCK WHITNEY BANK · Trustee$2,587

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$2,587 · 0.03%
2023$6,244 · 0.08%
2022$3,100 · 0.04%
Similar plansRetail Trade · Louisiana
Lamarque Motor Company LA$11.3M · 0.14%
Shop Rite, Inc. LA$11.3M · 0.01%
Justiss Oil Company, Inc. LA$10.5M · 0.36%
Red River Motor Company LA$9.5M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720694564 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.