Plan Ledger DOL Form 5500 · updated monthly

Sea Island Company, LLC401(k)

SEA ISLAND 401(K) SAVINGS PLAN · SEA ISLAND, GA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Sea Island Company, LLC reported $131,691 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $292 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 0.26% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 516th-largest of 2,160 plans among Georgia employers on file, and the 155th of 2,240 in accommodation & food services. In 2024, employees put in $2.95 for every $1.00 the employer contributed; active participation has grown from 2,091 to 3,583 since 2022.

Plan summary
Net assets, end of year$43,827,551
Participants with balances1,154
Active participants3,583
Employer contributions$1,045,069
Employee contributions$3,078,322
Employer contribution per active participant$292
Average account balance$37,979
Benefits paid to participants$1,600,794
Plan auditUnmodified (clean) audit opinion
AuditorMSTILLER, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$43.8M · 1,154 accts · $1.0M emplr
2023$36.0M · 868 accts · $952K emplr
2022$30.2M · 919 accts · $898K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$131,691
Total administrative$131,691
The Sea Island Company, LLC 401(k) match · 2024
Employer contribution per active participant$292
Median for plans this size$2,416
2024$292 per active participant
2023$412 per active participant
2022$430 per active participant

Sea Island Company, LLC'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 · 20243
NATIONWIDE · Recordkeeping · Custodial (securities)$57,237
SCHWARTZ & CO · Investment advisory (participants) · Investment advisory (plan)$58,362
MOORE STEPHENS TILLER · Accounting / audit$15,033

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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Administrative cost history3
2024$131,691 · 0.33%
2023$115,014 · 0.35%
2022$83,668 · 0.26%
Same employer
Similar plansAccommodation & Food Services · Georgia
Atrium Hospitality LP GA$101.5M · 0.43%
Focus Brands LLC GA$93.8M · 0.09%
Muller Management GA$59.4M · 0.52%
Zaxby's Franchising LLC GA$22.5M · 0.45%
Schuster Enterprises, Inc. GA$21.4M · 0.27%
Peachtree Hotel Group, LLC GA$18.9M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273164607 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.