Plan Ledger DOL Form 5500 · updated monthly

Stevens Towing Co., Inc.401(k)

STEVENS TOWING CO., INC. 401(K) PROFIT SHARING PLAN & TRUST · YONGES ISLAND, SC · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Stevens Towing Co., Inc. reported $56,877 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,053 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 0.53%. 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 403rd-largest of 807 plans among South Carolina employers on file, and the 1,081st of 2,677 in transportation & warehousing. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,313,495
Participants with balances140
Active participants110
Employer contributions$445,838
Employee contributions$839,560
Employer contribution per active participant$4,053
Average account balance$80,811
Benefits paid to participants$1,285,882
Plan auditUnmodified (clean) audit opinion
AuditorWEBSTER ROGERS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 140 accts · $446K emplr
2023$10.1M · 127 accts · $385K emplr
2022$10.2M · 174 accts · $453K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,877
Total administrative$56,877
The Stevens Towing Co., Inc. 401(k) match · 2024
Employer contribution per active participant$4,053
Median for plans this size$2,416
2024$4,053 per active participant
2023$3,597 per active participant
2022$4,156 per active participant

Stevens Towing Co., Inc.'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 · 20241
NEWPORT GROUP, INC. · Recordkeeping · Investment management$56,877

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)

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

Administrative cost history3
2024$56,877 · 0.53%
2023$59,216 · 0.58%
2022$56,927 · 0.51%
Similar plansTransportation & Warehousing · South Carolina
Bgi LLC SC$35.8M · 0.37%
Jear Logistics, LLC SC$10.9M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570668649 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.