Plan Ledger DOL Form 5500 · updated monthly

Msc Cruisesusa LLC401(k)

MSC CRUISES (USA) LLC 401(K) PLAN · FT. LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Msc Cruisesusa LLC reported $78,701 in plan administrative expenses for 2024: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,422 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 3 years on file its reported administrative ratio has held roughly steady near 0.734%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,506th-largest of 3,644 plans among Florida employers on file, and the 852nd of 2,534 in administrative & support services. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 256 to 445 since 2022.

Plan summary
Net assets, end of year$12,930,996
Participants with balances339
Active participants445
Employer contributions$1,077,924
Employee contributions$2,231,869
Employer contribution per active participant$2,422
Average account balance$38,145
Benefits paid to participants$763,410
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 339 accts · $1.1M emplr
2023$8.5M · 276 accts · $762K emplr
2022$4.9M · 180 accts · $460K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,481
Investment management$27,220
Total administrative$78,701
The Msc Cruisesusa LLC 401(k) match · 2024
Employer contribution per active participant$2,422
Median for plans this size$2,416
2024$2,422 per active participant
2023$1,896 per active participant
2022$1,795 per active participant

Msc Cruisesusa 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
ADP, INC. · Loan processing · Recordkeeping$51,481
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$27,219
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$78,701 · 0.73%
2023$55,075 · 0.82%
2022$36,446 · 0.73%
Same employer
Similar plansAdministrative & Support Services · Florida
Leesar Inc. FL$14.2M · 0.53%
Nesco Resource LLC FL$13.2M · 0.88%
Key HR, LLC FL$12.4M · 1.43%
Vested HR II, LLC FL$12.3M · 0.61%
Medusind Inc. FL$11.9M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522442243 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.