Plan Ledger DOL Form 5500 · updated monthly

Odfjell Holdings (US) Inc.401(k)

ODFJELL HOLDINGS (US) INC. 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Odfjell Holdings (US) Inc. reported $100,385 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $4,114 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 0.32% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,600th-largest of 5,688 plans among Texas employers on file, and the 584th of 2,677 in transportation & warehousing. In 2024, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,387,382
Participants with balances239
Active participants213
Employer contributions$876,361
Employee contributions$1,914,023
Employer contribution per active participant$4,114
Average account balance$118,776
Benefits paid to participants$2,161,916
Plan auditUnmodified (clean) audit opinion
AuditorENNIS PELLUM & ASSOCIATES, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$28.4M · 239 accts · $876K emplr
2023$24.6M · 237 accts · $836K emplr
2022$22.1M · 246 accts · $762K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$100,385
Total administrative$100,385
The Odfjell Holdings (US) Inc. 401(k) match · 2024
Employer contribution per active participant$4,114
Median for plans this size$2,416
2024$4,114 per active participant
2023$3,961 per active participant
2022$3,631 per active participant

Odfjell Holdings (US) Inc.'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$100,384
PNC BANK NA · Pension consulting · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024$100,385 · 0.38%
2023$81,616 · 0.35%
2022$78,371 · 0.32%
Same employer
Similar plansTransportation & Warehousing · Texas
McDonald Transit, Inc TX$28.8M · 0.08%
Hmm (America), Inc TX$28.4M · 0.30%
Eastex Crude Company TX$28.0M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273522353 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.