Plan Ledger DOL Form 5500 · updated monthly

Regal Marine Industries, Inc.401(k)

REGAL MARINE 401(K) RETIREMENT PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Regal Marine Industries, Inc. reported $153,960 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,080 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 3 years on file its reported administrative ratio has held roughly steady near 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 809th-largest of 3,644 plans among Florida employers on file, and the 4,478th of 13,661 in manufacturing. In 2024, employees put in $3.06 for every $1.00 the employer contributed; active participation has shrunk from 805 to 649 since 2022.

Plan summary
Net assets, end of year$30,118,291
Participants with balances713
Active participants649
Employer contributions$701,093
Employee contributions$2,144,426
Employer contribution per active participant$1,080
Average account balance$42,242
Benefits paid to participants$2,737,511
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.1M · 713 accts · $701K emplr
2023$26.6M · 795 accts · $779K emplr
2022$22.8M · 855 accts · $574K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$153,960
Total administrative$153,960
The Regal Marine Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$1,080
Median for plans this size$2,416
2024$1,080 per active participant
2023$1,090 per active participant
2022$713 per active participant

Regal Marine Industries, Inc.'s 2024 employer contribution ran below the $2,416 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.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$153,959
RPA FINANCIAL, 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.

Administrative cost history3
2024$153,960 · 0.54%
2023$148,359 · 0.60%
2022$128,469 · 0.52%
Same employer
Similar plansManufacturing · Florida
Sunniland Corporation FL$31.9M · 0.13%
Stenner Pump Company, Inc. FL$31.8M · 0.00%
Signature Brands, LLC FL$30.7M · 0.07%
Monin, Inc. FL$29.8M · 0.03%
Oxbow Calcining LLC FL$29.3M · 0.05%
Madico, Inc. FL$28.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591273173 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.