Plan Ledger DOL Form 5500 · updated monthly

Osg Ship Management, Inc.401(k)

OSG SHIP MANAGEMENT, INC. SAVINGS PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Osg Ship Management, Inc. reported $61,060 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $8,314 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 0.08% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 413th-largest of 3,644 plans among Florida employers on file, and the 300th of 2,677 in transportation & warehousing. In 2024, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$73,021,043
Participants with balances178
Active participants84
Employer contributions$698,411
Employee contributions$1,154,477
Employer contribution per active participant$8,314
Average account balance$410,231
Benefits paid to participants$5,305,454
Plan auditUnmodified (clean) audit opinion
AuditorFARZIER & DEETER
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $485K emplr
2024$73.0M · 178 accts · $698K emplr
2023$66.7M · 180 accts · $622K emplr
2022$58.8M · 180 accts · $609K emplr
The Osg Ship Management, Inc. 401(k) match · 2024
Employer contribution per active participant$8,314
Median for plans this size$3,635
2024$8,314 per active participant
2023$7,777 per active participant
2022$7,709 per active participant

Osg Ship Management, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20241
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$61,235

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

Recordkeeper by year3
2025Vanguard
2024Vanguard
2023Vanguard

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Administrative cost history4
2025Not separately reported
2024$61,060 · 0.09%
2023$52,842 · 0.08%
2022$51,636 · 0.08%
Same employer
Similar plansTransportation & Warehousing · Florida
Xojet Aviation, LLC FL$133.1M · 0.26%
The Suddath Companies FL$89.9M · 0.29%
Pods Enterprises, LLC FL$68.3M · 0.50%
Nextran Corporation FL$64.2M · 0.26%
Osg Bulk Ships, Inc. FL$64.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133589004 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.