Plan Ledger DOL Form 5500 · updated monthly

National Marine Manufacturers Association, Inc.401(k)

MARINE INDUSTRY RETIREMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

National Marine Manufacturers Association, Inc. reported $901,852 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,221 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 rose from 0.46% to 0.70%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 449th-largest of 3,702 plans among Illinois employers on file, and the 137th of 3,341 in other services. In 2024, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$135,991,348
Participants with balances3,410
Active participants4,068
Employer contributions$4,968,282
Employee contributions$10,833,924
Employer contribution per active participant$1,221
Average account balance$39,880
Benefits paid to participants$15,124,484
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$136.0M · 3,410 accts · $5.0M emplr
2023$119.9M · 3,249 accts · $4.8M emplr
2022$100.9M · 3,119 accts · $3.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$664,511
Total administrative$901,852
The National Marine Manufacturers Association, Inc. 401(k) match · 2024
Employer contribution per active participant$1,221
Median for plans this size$3,635
2024$1,221 per active participant
2023$1,010 per active participant
2022$943 per active participant

National Marine Manufacturers Association, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20246
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$245,953
PINNACLE FINANCIAL SERVICES, INC. · Recordkeeping · Loan processing$166,573
MERRILL LYNCH LIFE AGENCY, INC · Investment advisory (plan)$106,159
NPPG FIDUCIARY SERVICES · Plan administrator$63,271
SERVANT SPIRIT SERVICES$44,716
360 PAYROLL INTEGRATION$22,987

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

Recordkeeper by year2
2024PINNACLE FINANCIAL SERVICES, INC., Transamerica
2023PINNACLE FINANCIAL SERVICES, INC., Transamerica

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

Administrative cost history3
2024$901,852 · 0.70%
2023$773,351 · 0.70%
2022$405,573 · 0.46%
Similar plansOther Services · Illinois
American Dental Association IL$127.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362369301 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.