Plan Ledger DOL Form 5500 · updated monthly

Global Vessel & Tank Holdco, Inc.ESOP

GLOBAL VESSEL & TANK HOLDCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN · LAFAYETTE, LA · plan year 2024

Employer contribution per participant · 2024
$20,281

Global Vessel & Tank Holdco, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $7,592,475 across 153 participant accounts, with employer contributions averaging $20,281 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Louisiana (515th of 884), and 9,864th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$7,592,475
Participants with balances153
Active participants142
Employer contributions$2,879,945
Employee contributions—
Employer contribution per active participant$20,281
Average account balance$49,624
Benefits paid to participants$175,264
Plan auditUnmodified (clean) audit opinion
AuditorCARR, RIGGS, & INGRAM, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 153 accts · $2.9M emplr
2023$-7.8M · 158 accts · $2.7M emplr
2022$-20.0M · 165 accts · $2.7M emplr
Employer contributions to the Global Vessel & Tank Holdco, Inc. plan · 2024
Employer contribution per active participant$20,281
Median for plans this size$540
2024$20,281 per active participant
2023$19,924 per active participant
2022$18,366 per active participant

Global Vessel & Tank Holdco, Inc.'s 2024 employer contribution ran above the $540 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansManufacturing · Louisiana
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SBE2, LLC LA$7.8M · 0.82%
Moran Printing, Inc. LA$7.1M · 0.13%
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Blake International Rigs, LLC LA$5.9M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844902853 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.