Plan Ledger DOL Form 5500 · updated monthly

Signet Maritime Corporation401(k)

SIGNET MARITIME CORPORATION 401(K) P/S PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Signet Maritime Corporation reported $97,134 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,600 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 0.44% to 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,968th-largest of 5,688 plans among Texas employers on file, and the 721st of 2,677 in transportation & warehousing. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,782,287
Participants with balances427
Active participants279
Employer contributions$1,004,459
Employee contributions$1,560,800
Employer contribution per active participant$3,600
Average account balance$48,670
Benefits paid to participants$2,308,751
Plan auditUnmodified (clean) audit opinion
AuditorSMITH, DUKES & BUCKALEW, L.L.P.
Plan history3
Yearassets · accounts · employer contribution
2024$20.8M · 427 accts · $1.0M emplr
2023$18.2M · 413 accts · $925K emplr
2022$16.2M · 381 accts · $301K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,876
Total administrative$97,134
The Signet Maritime Corporation 401(k) match · 2024
Employer contribution per active participant$3,600
Median for plans this size$2,416
2024$3,600 per active participant
2023$3,327 per active participant
2022$1,187 per active participant

Signet Maritime Corporation's 2024 employer contribution ran above the $2,416 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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$52,875
REGIONS BANK · Investment advisory (plan)$44,258

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$97,134 · 0.50%
2023$84,306 · 0.49%
2022$78,392 · 0.44%
Same employer
Similar plansTransportation & Warehousing · Texas
Alan Ritchey, Inc. TX$21.7M · 0.26%
Excelerate Energy LP TX$20.9M · 0.02%
G2 Secure Staff, L.L.C. TX$19.7M · 1.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760498186 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.