Plan Ledger DOL Form 5500 · updated monthly

Maersk Inc.401(k)

MAERSK INC. SAVINGS PLAN · FLORHAM PARK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Maersk Inc. reported $724,084 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $2,137 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 0.12% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 66th-largest of 2,419 plans among New Jersey employers on file, and the 40th of 2,677 in transportation & warehousing. In 2024, employees put in $1.98 for every $1.00 the employer contributed; active participation has grown from 4,490 to 10,682 since 2022.

Plan summary
Net assets, end of year$1,016,236,912
Participants with balances10,106
Active participants10,682
Employer contributions$22,824,136
Employee contributions$45,278,199
Employer contribution per active participant$2,137
Average account balance$100,558
Benefits paid to participants$106,238,916
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.0B · 10,106 accts · $22.8M emplr
2023$920.6M · 11,032 accts · $23.1M emplr
2022$661.3M · 6,161 accts · $12.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$530,793
Investment management$111,658
Audit (IQPA)$80,100
Total administrative$724,084
The Maersk Inc. 401(k) match · 2024
Employer contribution per active participant$2,137
Median for plans this size$4,294
2024$2,137 per active participant
2023$2,232 per active participant
2022$2,809 per active participant

Maersk Inc.'s 2024 employer contribution ran below the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Loan processing$530,793
MERCER INVESTMENTS · Investment advisory (plan)$111,658
PRICEWATERHOUSECOOPERS LLP · Accounting / audit$80,100

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$724,084 · 0.07%
2023$704,661 · 0.09%
2022$890,676 · 0.12%
Same employer
Similar plansTransportation & Warehousing · New Jersey
Atlas Air, Inc. NY$1.1B · 0.04%
Univar Solutions USA Inc. IL$1.1B · 0.12%
The Chemours Company DE$964.8M · 0.09%
Frontier Airlines, Inc. CO$961.9M · 0.29%
Iron Mountain Incorporated PA$943.1M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135159146 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.