Plan Ledger DOL Form 5500 · updated monthly

Great Lakes Dredge & Dock Company, LLC401(k)

GREAT LAKES DREDGE & DOCK COMPANY, LLC 401(K) SAVINGS PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Great Lakes Dredge & Dock Company, LLC reported $164,141 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $11,680 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 0.09% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 371st-largest of 5,688 plans among Texas employers on file, and the 312th of 5,337 in construction. In 2024, the employer put in $1.05 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$217,252,360
Participants with balances634
Active participants389
Employer contributions$4,543,577
Employee contributions$4,326,130
Employer contribution per active participant$11,680
Average account balance$342,669
Benefits paid to participants$26,411,370
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$217.3M · 634 accts · $4.5M emplr
2023$195.0M · 646 accts · $2.3M emplr
2022$171.1M · 689 accts · $4.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,228
Investment management$45,013
Audit (IQPA)$6,300
Total administrative$164,141
The Great Lakes Dredge & Dock Company, LLC 401(k) match · 2024
Employer contribution per active participant$11,680
Median for plans this size$3,635
2024$11,680 per active participant
2023$6,420 per active participant
2022$10,265 per active participant

Great Lakes Dredge & Dock Company, LLC's 2024 employer contribution ran above the $3,635 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$50,228
CAPITAL STRATEGIES · Consulting · Investment advisory (plan)$50,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$45,013
BAKER TILLY US, LLP · Accounting / audit · Investment advisory (plan)$18,900

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$164,141 · 0.08%
2023$155,429 · 0.08%
2022$170,290 · 0.09%
All plans at this employer2
GREAT LAKES DREDGE & DOCK COMPANY, LLC 401(K) SAVINGS PLAN401(k)
GREAT LAKES DREDGE & DOCK COMPANY, LLC HOURLY EMPLOYEES 401(K) SAVINGS PLAN401(k)
Same employer
Similar plansConstruction · Texas
Hcbeck, LTD. TX$189.9M · 0.17%
Webber, LLC. TX$189.3M · 0.19%
Meriton, LLC TX$168.4M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201354414 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.