Plan Ledger DOL Form 5500 · updated monthly

Horizon Shipbuilding, Inc.401(k)

HORIZON SHIPBUILDING, INC. 401(K) PROFIT SHARING PLAN & TRUST · MOSS POINT, MS · plan year 2022

Reported admin expense ratio · 2022
7.22%

Horizon Shipbuilding, Inc. reported $1,514 in plan administrative expenses for 2022: 7.22% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Mississippi (367th of 367), and 13,656th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$501
Participants with balances1
Active participants0
Employer contributions$0
Employee contributions$0
Employer contribution per active participant—
Average account balance$501
Benefits paid to participants$31,861
Plan auditDisclaimer of opinion
AuditorCARR RIGGS AND INGRAM, LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$1,514
Total administrative$1,514
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$1,514 · 7.22%
Similar plansManufacturing · Mississippi
Ims Logistics, LLC MS$930K · 1.12%
Natureplex, LLC MS$575K · 1.75%
The Marvel Group, Inc. IL$3K · 0.06%
Iowa Premium, LLC IA$2K · 3.29%
Dei Sales, Inc. CA$1K · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721394645 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.