Plan Ledger DOL Form 5500 · updated monthly

Palacios Marine and Industrial Coatings, Inc.401(k)

PALACIOS MARINE AND INDUSTRIAL COATINGS 401(K) PLAN · PALACIOS, TX · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Palacios Marine and Industrial Coatings, Inc. reported $7,311 in plan administrative expenses for 2024: 0.16% of average plan assets, lower than ~75% of peers. Employer contributions averaged $136 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 0.19% to 0.16%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Texas (4,079th of 5,688), and 4,006th of 5,337 in construction. In 2024, employees put in $3.38 for every $1.00 the employer contributed; active participation has grown from 761 to 1,343 since 2022.

Plan summary
Net assets, end of year$4,926,497
Participants with balances125
Active participants1,343
Employer contributions$183,017
Employee contributions$619,065
Employer contribution per active participant$136
Average account balance$39,412
Benefits paid to participants$374,936
Plan auditUnmodified (clean) audit opinion
AuditorHEARD MCELROY & VESTAL
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 125 accts · $183K emplr
2023$4.1M · 132 accts · $202K emplr
2022$2.8M · 128 accts · $162K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,311
Total administrative$7,311
The Palacios Marine and Industrial Coatings, Inc. 401(k) match · 2024
Employer contribution per active participant$136
Median for plans this size$1,313
2024$136 per active participant
2023$227 per active participant
2022$213 per active participant

Palacios Marine and Industrial Coatings, Inc.'s 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024$7,311 · 0.16%
2023$5,830 · 0.17%
2022$5,140 · 0.19%
Same employer
Similar plansConstruction · Texas
Atlas Tubular, L.P. TX$5.0M · 0.67%
Brg Management, Inc. TX$5.0M · 0.44%
Onx Holdings, Inc. TX$4.9M · 0.89%
The McCarty Corporation TX$4.9M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550831222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.