Plan Ledger DOL Form 5500 · updated monthly

Golding Barge Line, Inc.401(k)

GOLDING BARGE LINE, INC. 401(K) PLAN · VICKSBURG, MS · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Golding Barge Line, Inc. reported $43,239 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $2,112 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 0.25% to 0.28%. 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 111th-largest of 367 plans among Mississippi employers on file, and the 841st of 2,677 in transportation & warehousing. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 205 to 324 since 2022.

Plan summary
Net assets, end of year$16,715,716
Participants with balances188
Active participants324
Employer contributions$684,254
Employee contributions$1,325,717
Employer contribution per active participant$2,112
Average account balance$88,913
Benefits paid to participants$582,665
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$16.7M · 188 accts · $684K emplr
2023$13.7M · 152 accts · $555K emplr
2022$12.3M · 146 accts · $548K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,239
Total administrative$43,239
The Golding Barge Line, Inc. 401(k) match · 2024
Employer contribution per active participant$2,112
Median for plans this size$2,416
2024$2,112 per active participant
2023$2,456 per active participant
2022$2,674 per active participant

Golding Barge Line, Inc.'s 2024 employer contribution ran below 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 · 20243
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$8,968
FUTURE CAPITAL · Investment advisory (participants)$36,401
RAYMOND JAMES ASSOCIATES, INC. · Consultingindirect comp

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$43,239 · 0.28%
2023$35,289 · 0.27%
2022$33,736 · 0.25%
Same employer
Similar plansTransportation & Warehousing · Mississippi
V2X, Inc. MS$644.4M · 0.19%
Yak Access, LLC MS$21.9M · 0.07%
Bluroc, LLC MS$10.4M · 0.15%
Jordan Carriers, Inc. MS$5.7M · 0.55%
Royal Trucking Company MS$2.1M · 3.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640940205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.