Plan Ledger DOL Form 5500 · updated monthly

Ports America401(k)

THE SAVINGS AND GROWTH PLAN FOR PORTS AMERICA GROUP AND AFFILIATES · CHANDLER, AZ · plan year 2023

Reported admin expense ratio · 2023
0.10%

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

Ports America reported $218,783 in plan administrative expenses for 2023: 0.10% of average plan assets, below the peer median. Employer contributions averaged $4,591 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 1 year on file its reported administrative ratio rose from 0.09% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 68th-largest of 1,285 plans among Arizona employers on file, and the 136th of 2,677 in transportation & warehousing. In 2023, employees put in $1.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$243,681,414
Participants with balances1,626
Active participants1,159
Employer contributions$5,320,994
Employee contributions$8,572,284
Employer contribution per active participant$4,591
Average account balance$149,866
Benefits paid to participants$13,552,398
Plan auditUnmodified (clean) audit opinion
AuditorFRANK, RIMERMAN & CO LLP
Plan history2
Yearassets · accounts · employer contribution
2023$243.7M · 1,626 accts · $5.3M emplr
2022$198.9M · 1,279 accts · $4.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$218,783
Total administrative$218,783
The Ports America 401(k) match · 2023
Employer contribution per active participant$4,591
Median for plans this size$3,659
2023$4,591 per active participant
2022$5,539 per active participant

Ports America's 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$218,783
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 history2
2023$218,783 · 0.10%
2022$194,726 · 0.09%
Same employer
Similar plansTransportation & Warehousing · Arizona
Standardaero AZ$364.0M · 0.04%
Apl Logistics Americas, LTD AZ$174.7M · 0.25%
Mesa Air Group Inc AZ$109.9M · 0.36%
McDonough Corporation AZ$43.2M · 0.13%
Priority Ambulance, LLC AZ$26.1M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943348216 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.