Plan Ledger DOL Form 5500 · updated monthly

Crosby Tugs LLC401(k)

CROSBY TUGS LLC 401(K) PLAN · GALLIANO, LA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Crosby Tugs LLC reported $71,856 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $897 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 rose from 0.30% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 239th-largest of 884 plans among Louisiana employers on file, and the 705th of 2,677 in transportation & warehousing. In 2024, employees put in $2.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,465,877
Participants with balances389
Active participants694
Employer contributions$622,393
Employee contributions$1,795,577
Employer contribution per active participant$897
Average account balance$55,182
Benefits paid to participants$4,522,948
Plan auditUnmodified (clean) audit opinion
AuditorPEPPERMAN EMBOULAS SCHWARTZ & TODAR
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 389 accts · $622K emplr
2023$20.6M · 460 accts · $743K emplr
2022$17.6M · 322 accts · $605K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,856
Total administrative$71,856
The Crosby Tugs LLC 401(k) match · 2024
Employer contribution per active participant$897
Median for plans this size$2,416
2024$897 per active participant
2023$1,037 per active participant
2022$859 per active participant

Crosby Tugs LLC's 2024 employer contribution ran below the $2,416 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

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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$71,856
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$71,856 · 0.34%
2023$84,435 · 0.44%
2022$58,139 · 0.30%
Same employer
Similar plansTransportation & Warehousing · Louisiana
Acme Truck Line, Inc. LA$26.2M · 0.73%
Lebeouf Bros. Towing, LLC LA$24.7M · 0.05%
Terral Riverservice Inc. LA$23.6M · 0.36%
Afs, LLC LA$17.7M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720914194 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.