Plan Ledger DOL Form 5500 · updated monthly

Detyens Shipyards, Inc.401(k)

DETYENS SHIPYARDS, INC. 401K PROFIT SHARING PLAN AND TRUST · NORTH CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Detyens Shipyards, Inc. reported $70,318 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $481 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 3 years on file its reported administrative ratio has held roughly steady near 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 310th-largest of 807 plans among South Carolina employers on file, and the 1,203rd of 3,341 in other services. In 2024, employees put in $8.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,647,021
Participants with balances229
Active participants235
Employer contributions$113,019
Employee contributions$944,105
Employer contribution per active participant$481
Average account balance$72,694
Benefits paid to participants$1,506,016
Plan auditUnmodified (clean) audit opinion
AuditorDRAFFIN & TUCKER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 229 accts · $113K emplr
2023$15.1M · 263 accts · $109K emplr
2022$14.0M · 293 accts · $131K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,318
Total administrative$70,318
The Detyens Shipyards, Inc. 401(k) match · 2024
Employer contribution per active participant$481
Median for plans this size$2,416
2024$481 per active participant
2023$437 per active participant
2022$521 per active participant

Detyens Shipyards, Inc.'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 · 20241
SOUTH STATE RPS · Recordkeeping · Loan processing$70,318

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

Recordkeeper by year2
2024SOUTH STATE RPS
2023SOUTH STATE RPS

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

Administrative cost history3
2024$70,318 · 0.44%
2023$66,325 · 0.46%
2022$69,356 · 0.45%
Similar plansOther Services · South Carolina
Ltc Management, LLC SC$21.3M · 0.19%
Palmetto Exterminators, LLC SC$17.2M · 0.05%
Opterra Solutions, Inc. SC$10.7M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570730948 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.