Plan Ledger DOL Form 5500 · updated monthly

National Marine Suppliers, Inc.401(k)

NATIONAL MARINE SUPPLIERS, INC. 401(K) PROFIT SHARING PLAN · FORT LAUDERDALE, FL · plan year 2022

Employer contribution per participant · 2022
$341

National Marine Suppliers, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $3,623,581 across 89 participant accounts, with employer contributions averaging $341 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 Florida (2,761st of 3,644), and 1,836th of 2,677 in transportation & warehousing. In 2022, employees put in $6.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,623,581
Participants with balances89
Active participants104
Employer contributions$35,496
Employee contributions$241,827
Employer contribution per active participant$341
Average account balance$40,714
Benefits paid to participants$385,410
Plan auditUnmodified (clean) audit opinion
AuditorTEMPLETON AND COMPANY, LLP
The National Marine Suppliers, Inc. 401(k) match · 2022
Employer contribution per active participant$341
Median for plans this size$1,114

National Marine Suppliers, 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.

Same employer
Similar plansTransportation & Warehousing · Florida
Sun Terminals Inc FL$3.7M · 1.02%
Southeast Unloading, LLC FL$3.7M · 2.38%
Davis Express Inc. FL$3.5M · 0.01%
Trans-Phos, Inc. FL$3.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650177138 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.