Plan Ledger DOL Form 5500 · updated monthly

Inland Marine Service, Inc.401(k)

INLAND MARINE SERVICE SAVINGS AND RETIREMENT PLAN · HEBRON, KY · plan year 2022

Reported admin expense ratio · 2022
0.36%

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

Inland Marine Service, Inc. reported $32,530 in plan administrative expenses for 2022: 0.36% of average plan assets, below the peer median. Employer contributions averaged $506 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 0.36% to 0.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Kentucky (587th of 871), and 1,458th of 2,677 in transportation & warehousing. In 2022, employees put in $2.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,452,033
Participants with balances132
Active participants268
Employer contributions$135,614
Employee contributions$358,715
Employer contribution per active participant$506
Average account balance$48,879
Benefits paid to participants$3,798,135
Plan auditUnmodified (clean) audit opinion
AuditorVONLEHMAN CPA & ADVISORY FIRM
Plan history2
Yearassets · accounts · employer contribution
2023$5.5M · 107 accts
2022$6.5M · 132 accts · $136K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$32,530
Total administrative$32,530
The Inland Marine Service, Inc. 401(k) match · 2022
Employer contribution per active participant$506
Median for plans this size$1,114

Inland Marine Service, Inc.'s 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$26,033 · 0.44%
2022$32,530 · 0.36%
Same employer
Similar plansTransportation & Warehousing · Kentucky
Paschall Truck Lines, Inc KY$12.8M · 1.25%
M & M Cartage, Inc. KY$10.4M · 0.80%
Usher Transport, Inc. KY$7.6M · 0.68%
Valiant Management, LLC KY$4.9M · 0.10%
Bray Trucking, Inc. KY$4.8M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611077485 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.