Plan Ledger DOL Form 5500 · updated monthly

Suzuki Marine USA, LLC401(k)

SUZUKI 401(K) RETIREMENT PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Suzuki Marine USA, LLC reported $36,037 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,886 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 0.04% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 452nd-largest of 3,644 plans among Florida employers on file, and the 663rd of 4,246 in wholesale trade. In 2024, employees put in $3.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$62,405,056
Participants with balances531
Active participants332
Employer contributions$626,138
Employee contributions$2,249,455
Employer contribution per active participant$1,886
Average account balance$117,524
Benefits paid to participants$6,580,840
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$62.4M · 531 accts · $626K emplr
2023$56.6M · 529 accts · $591K emplr
2022$50.7M · 472 accts · $527K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,612
Investment management$5,425
Total administrative$36,037
The Suzuki Marine USA, LLC 401(k) match · 2024
Employer contribution per active participant$1,886
Median for plans this size$3,635
2024$1,886 per active participant
2023$1,753 per active participant
2022$1,718 per active participant

Suzuki Marine USA, LLC's 2024 employer contribution ran below the $3,635 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 · 20241
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$36,122

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$36,037 · 0.06%
2023$8,728 · 0.02%
2022$25,629 · 0.04%
Same employer
Similar plansWholesale Trade · Florida
Amalie Oil Company FL$77.0M · 0.23%
Yara North America, Inc. FL$76.1M · 0.08%
Kls Martin L.P. FL$70.2M · 0.06%
Man Capital Corporation FL$56.3M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 853703416 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.