Plan Ledger DOL Form 5500 · updated monthly

Pelican Intl USA LLC401(k)

PELICAN INTL USA LLC 401(K) PLAN · GREENVILLE, SC · plan year 2025

Reported admin expense ratio · 2025
0.71%

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

Pelican Intl USA LLC reported $54,226 in plan administrative expenses for 2025: 0.71% of average plan assets, above the peer median. Employer contributions averaged $1,685 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in South Carolina (481st of 807), and 9,697th of 13,661 in manufacturing. In 2025, employees put in $1.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,960,148
Participants with balances126
Active participants126
Employer contributions$212,251
Employee contributions$358,834
Employer contribution per active participant$1,685
Average account balance$63,176
Benefits paid to participants$1,079,415
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & COMPANY, L.L.P.
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$19,736
Investment management$19,490
Audit (IQPA)$15,000
Total administrative$54,226
The Pelican Intl USA LLC 401(k) match · 2025
Employer contribution per active participant$1,685
Median for plans this size$1,464

Pelican Intl USA LLC's 2025 employer contribution ran above the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
NWPS · Recordkeeping$19,736
IFP ADVISORS, INC. DBA INDEPENDENT · Investment advisory (participants) · Investment advisory (plan)$19,490
BERNARD ROBINSON & COMPANY, L.L.P. · Accounting / audit$15,000

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

Administrative cost history1
2025$54,226 · 0.71%
Similar plansManufacturing · South Carolina
Key West Boats, Inc. SC$9.0M · 0.26%
Giant Cement Company SC$8.5M · 0.03%
Jb Martin Company SC$8.4M · 0.14%
The O'Dell Corporation SC$7.8M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 392227073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.