Plan Ledger DOL Form 5500 · updated monthly

Doosan Turbomachinery Services, Inc.401(k)

DOOSAN TURBOMACHINERY SERVICES, INC. 401(K) PLAN · LA PORTE, TX · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Doosan Turbomachinery Services, Inc. reported $95,404 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,931 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 0.04% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Texas (2,906th of 5,688), and 8,300th of 13,661 in manufacturing. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has grown from 138 to 167 since 2022.

Plan summary
Net assets, end of year$11,188,498
Participants with balances173
Active participants167
Employer contributions$656,446
Employee contributions$1,023,720
Employer contribution per active participant$3,931
Average account balance$64,673
Benefits paid to participants$434,512
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.2M · 173 accts · $656K emplr
2023$8.6M · 166 accts · $533K emplr
2022$6.3M · 141 accts · $458K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,104
Investment management$13,300
Total administrative$95,404
The Doosan Turbomachinery Services, Inc. 401(k) match · 2024
Employer contribution per active participant$3,931
Median for plans this size$1,313
2024$3,931 per active participant
2023$3,463 per active participant
2022$3,318 per active participant

Doosan Turbomachinery Services, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$81,036

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$95,404 · 0.96%
2023$1,904 · 0.03%
2022$2,854 · 0.04%
Same employer
Similar plansManufacturing · Texas
Active Power, Inc. TX$11.3M · 0.53%
Foxconn Ev System LLC TX$11.3M · 0.27%
Merichem Technologies, LLC TX$11.2M · 0.13%
Ingenia Polymers, Inc. TX$11.1M · 0.44%
Seatex LLC TX$10.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760506897 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.