Plan Ledger DOL Form 5500 · updated monthly

Gunderson Marine, LLC401(k)

GUNDERSON MARINE 401(K) RETIREMENT SAVINGS PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Gunderson Marine, LLC reported $47,645 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $2,560 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 1 year on file its reported administrative ratio rose from 0.06% to 0.14%. 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 248th-largest of 1,021 plans among Oregon employers on file, and the 3,969th of 13,661 in manufacturing. In 2024, employees put in $2.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$35,748,165
Participants with balances342
Active participants319
Employer contributions$816,697
Employee contributions$1,697,387
Employer contribution per active participant$2,560
Average account balance$104,527
Benefits paid to participants$3,274,678
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$35.7M · 342 accts · $817K emplr
2023$32.0M · 270 accts · $307K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,557
Investment management$11,768
Total administrative$47,645
The Gunderson Marine, LLC 401(k) match · 2024
Employer contribution per active participant$2,560
Median for plans this size$2,416
2024$2,560 per active participant
2023$1,193 per active participant

Gunderson Marine, LLC's 2024 employer contribution ran above 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
EMPOWER ADVISORY GROUP, LLC · Investment management$11,768

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

Administrative cost history2
2024$47,645 · 0.14%
2023$19,441 · 0.06%
Same employer
Similar plansManufacturing · Oregon
Orenco Systems, Inc. OR$39.3M · 0.31%
Rodda Paint Co. OR$35.2M · 0.09%
Dwfritz Automation LLC OR$34.8M · 0.17%
Murphy Company OR$34.7M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 931357619 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.