Plan Ledger DOL Form 5500 · updated monthly

Eastern Shipbuilding Group, Inc.401(k)

EASTERN SHIPBUILDING GROUP, INC. 401(K) PLAN · PANAMA CITY, FL · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Eastern Shipbuilding Group, Inc. reported $60,044 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,096 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 0.42% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 965th-largest of 3,644 plans among Florida employers on file, and the 5,200th of 13,661 in manufacturing. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 724 to 1,377 since 2022.

Plan summary
Net assets, end of year$24,446,510
Participants with balances535
Active participants1,377
Employer contributions$1,509,543
Employee contributions$2,826,166
Employer contribution per active participant$1,096
Average account balance$45,694
Benefits paid to participants$3,068,560
Plan auditUnmodified (clean) audit opinion
AuditorAVIZO GROUP, INC
Plan history3
Yearassets · accounts · employer contribution
2024$24.4M · 535 accts · $1.5M emplr
2023$19.8M · $1.2M emplr
2022$15.1M · 413 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,183
Investment management$10,861
Total administrative$60,044
The Eastern Shipbuilding Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,096
Median for plans this size$2,416
2024$1,096 per active participant
2023$1,583 per active participant
2022$1,566 per active participant

Eastern Shipbuilding Group, 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 · 20242
REGIONS BANK · Investment advisory (plan)$10,861

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$60,044 · 0.27%
2023$93,170 · 0.53%
2022$66,901 · 0.42%
Same employer
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Online Labels Group, LLC FL$25.0M · 0.45%
Vigo Importing Company FL$24.0M · 1.19%
Somero Enterprises Inc FL$24.0M · 0.03%
Jl Audio, Inc. FL$23.9M · 0.46%
Aero Precision Holdings LP FL$23.9M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593393650 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.