Plan Ledger DOL Form 5500 · updated monthly

Seatrax, Inc.401(k)

SEATRAX, INC. EMPLOYEES 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Seatrax, Inc. reported $38,249 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $430 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 fell from 0.44% to 0.25%. 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 2,346th-largest of 5,688 plans among Texas employers on file, and 6,857th of 13,661 in manufacturing. In 2024, employees put in $6.10 for every $1.00 the employer contributed; active participation has grown from 394 to 441 since 2022.

Plan summary
Net assets, end of year$15,827,827
Participants with balances333
Active participants441
Employer contributions$189,741
Employee contributions$1,156,724
Employer contribution per active participant$430
Average account balance$47,531
Benefits paid to participants$1,790,247
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 333 accts · $190K emplr
2023$14.3M · 238 accts
2022$12.1M · 218 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,136
Investment management$29,113
Total administrative$38,249
The Seatrax, Inc. 401(k) match · 2024
Employer contribution per active participant$430
Median for plans this size$2,416

Seatrax, 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
NEWPORT GROUP, INC · Contract administrator · Recordkeeping$9,136
LOCKTON INVESTMENT ADVISORS, LLC · Investment advisory (plan)$29,113

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$38,249 · 0.25%
2023$48,993 · 0.37%
2022$59,302 · 0.44%
Similar plansManufacturing · Texas
Tjl Industries Inc TX$16.1M · 0.33%
Danhil Containers II, LTD. TX$16.1M · 0.58%
Trussway Holdings, Inc. TX$16.0M · 0.16%
Apollo Endosurgery, Inc. TX$15.8M · 0.42%
Equibrand Corporation TX$15.6M · 0.62%
Lauren Concrete, Inc. TX$15.6M · 0.52%
Lone Star Fasteners, LLC TX$15.5M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760363577 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.