Plan Ledger DOL Form 5500 · updated monthly

The Buccaneer, Inc.401(k)

THE BUCCANEER, INC 401(K) PLAN · CHRISTIANSTED, VI · plan year 2022

Reported admin expense ratio · 2022
0.17%

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

The Buccaneer, Inc. reported $9,604 in plan administrative expenses for 2022: 0.17% of average plan assets, below the peer median. Employer contributions averaged $913 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 0.17% to 0.19%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in VI (8th of 13), and the 820th of 2,240 in accommodation & food services. In 2022, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,684,044
Participants with balances108
Active participants145
Employer contributions$132,345
Employee contributions$272,004
Employer contribution per active participant$913
Average account balance$52,630
Benefits paid to participants$104,165
Plan auditDisclaimer of opinion
AuditorBERT SMITH & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 98 accts · $118K emplr
2023$5.1M · 102 accts · $123K emplr
2022$5.7M · 108 accts · $132K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$9,604
Total administrative$9,604
The The Buccaneer, Inc. 401(k) match · 2022
Employer contribution per active participant$913
Median for plans this size$1,114
2024$904 per active participant
2023$831 per active participant
2022$913 per active participant

The Buccaneer, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$10,079 · 0.19%
2023$12,100 · 0.22%
2022$9,604 · 0.17%
Similar plansAccommodation & Food Services · VI
Lfh Management, LLC NM$5.7M · 0.17%
Casa Rio, Inc. TX$5.7M · 1.17%
Newport Hotel Group, LLC RI$5.7M · 0.64%
Mtc Inc. TX$5.7M · 1.21%
Burgerbusters Inc. VA$5.7M · 1.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 670250316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.