International Marine Products, Inc401(k)
INTERNATIONAL MARINE PRODUCTS RETIREMENT PLAN · LOS ANGELES, CA · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
International Marine Products, Inc reported $325 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,971 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 0.05% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,377th of 9,483), and 9,076th of 11,654 in professional & technical services. In 2024, employees put in $1.19 for every $1.00 the employer contributed; active participation has grown from 76 to 106 since 2022.
International Marine Products, Inc's 2024 employer contribution ran above the $1,313 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 952750120 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.