Plan Ledger DOL Form 5500 · updated monthly

Seacor Marine Payroll Management LLC401(k)

SEACOR MARINE 401(K) PLAN · MORGAN CITY, LA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Seacor Marine Payroll Management LLC reported $46,666 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $5,198 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 0.08% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 104th-largest of 884 plans among Louisiana employers on file, and the 355th of 2,677 in transportation & warehousing. In 2024, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$56,584,533
Participants with balances374
Active participants261
Employer contributions$1,356,561
Employee contributions$2,976,382
Employer contribution per active participant$5,198
Average account balance$151,296
Benefits paid to participants$5,461,941
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.6M · 374 accts · $1.4M emplr
2023$51.2M · 383 accts · $1.3M emplr
2022$48.6M · 390 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,666
Total administrative$46,666
The Seacor Marine Payroll Management LLC 401(k) match · 2024
Employer contribution per active participant$5,198
Median for plans this size$3,635
2024$5,198 per active participant
2023$4,805 per active participant
2022$3,999 per active participant

Seacor Marine Payroll Management LLC's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$46,567

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$46,666 · 0.09%
2023$44,263 · 0.09%
2022$41,106 · 0.08%
Same employer
Similar plansTransportation & Warehousing · Louisiana
Grand Isle Shipyard, LLC LA$86.3M · 0.13%
Dupre Investments, Inc. LA$39.3M · 0.07%
Cooper Consolidated, LLC LA$28.5M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300886670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.