Plan Ledger DOL Form 5500 · updated monthly

Odyssea Marine, Inc401(k)

ODYSSEA MARINE, INC. 401(K) PLAN · LAROSE, LA · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Odyssea Marine, Inc reported $70,369 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $2,726 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 0.88% to 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Louisiana (459th of 884), and the 1,212th of 2,677 in transportation & warehousing. In 2024, employees put in $2.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,109,430
Participants with balances207
Active participants186
Employer contributions$507,100
Employee contributions$1,305,379
Employer contribution per active participant$2,726
Average account balance$44,007
Benefits paid to participants$2,055,087
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 207 accts · $507K emplr
2023$8.8M · 220 accts · $542K emplr
2022$6.8M · 221 accts · $473K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,369
Total administrative$70,369
The Odyssea Marine, Inc 401(k) match · 2024
Employer contribution per active participant$2,726
Median for plans this size$1,313
2024$2,726 per active participant
2023$2,806 per active participant
2022$2,439 per active participant

Odyssea Marine, Inc's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20245
PCS RETIREMENT LLC · Contract administrator · Recordkeeping$46,807
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$14,469
BRINKER CAPITAL · Investment management$9,093
NEW YORK LIFE SECURITIES · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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
2024PCS Retirement
2023PCS Retirement

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

Administrative cost history3
2024$70,369 · 0.79%
2023$63,758 · 0.82%
2022$58,779 · 0.88%
Similar plansTransportation & Warehousing · Louisiana
Accutrans, LLC LA$15.9M · 0.68%
Citadel Completions LLC LA$7.3M · 0.17%
D & S Marine Service, LLC LA$7.1M · 0.47%
Chem Carriers, LLC LA$6.7M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742881272 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.