Plan Ledger DOL Form 5500 · updated monthly

Cross Sound Ferry & Companies401(k)

CROSS SOUND FERRY & COMPANIES 401(K) / PS PLAN · NEW LONDON, CT · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Cross Sound Ferry & Companies reported $68,020 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $3,471 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 0.21% to 0.18%. 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 339th-largest of 1,106 plans among Connecticut employers on file, and the 444th of 2,677 in transportation & warehousing. In 2024, employees put in $1.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,262,867
Participants with balances276
Active participants278
Employer contributions$964,849
Employee contributions$1,300,991
Employer contribution per active participant$3,471
Average account balance$145,880
Benefits paid to participants$2,247,333
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.3M · 276 accts · $965K emplr
2023$36.8M · 337 accts · $1.0M emplr
2022$31.7M · 326 accts · $964K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,393
Investment management$42,627
Total administrative$68,020
The Cross Sound Ferry & Companies 401(k) match · 2024
Employer contribution per active participant$3,471
Median for plans this size$2,416
2024$3,471 per active participant
2023$3,853 per active participant
2022$3,529 per active participant

Cross Sound Ferry & Companies's 2024 employer contribution ran above the $2,416 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
ASCENSUS LLC · Loan processing · Recordkeeping$35,293
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$42,627

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$68,020 · 0.18%
2023$67,819 · 0.20%
2022$72,949 · 0.21%
Similar plansTransportation & Warehousing · Connecticut
Gxo Enterprise Services, LLC CT$438.3M · 0.24%
Moran Towing Corporation CT$296.0M · 0.03%
Greenwich Aerogroup, Inc. CT$63.4M · 0.29%
Dattco, Inc. CT$27.6M · 0.59%
William B. Meyer, Inc. CT$21.0M · 0.01%
Tradewind Aviation LLC CT$8.7M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060918288 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.