Plan Ledger DOL Form 5500 · updated monthly

The Shipyard, LLC401(k)

THE SHIPYARD, LLC 401(K) PLAN · COLUMBUS, OH · plan year 2025

Reported admin expense ratio · 2025
0.31%

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

The Shipyard, LLC reported $66,440 in plan administrative expenses for 2025: 0.31% of average plan assets, above the peer median. Employer contributions averaged $3,552 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 1 year on file its reported administrative ratio fell from 0.53% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,110th-largest of 3,295 plans among Ohio employers on file, and the 4,708th of 11,654 in professional & technical services. In 2025, employees put in $2.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,345,707
Participants with balances397
Active participants385
Employer contributions$1,367,540
Employee contributions$3,220,413
Employer contribution per active participant$3,552
Average account balance$63,843
Benefits paid to participants$1,483,855
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2025$25.3M · 397 accts · $1.4M emplr
2024$18.1M · 204 accts · $1.0M emplr
The The Shipyard, LLC 401(k) match · 2025
Employer contribution per active participant$3,552
Median for plans this size$2,666
2025$3,552 per active participant
2024$3,501 per active participant

The Shipyard, LLC's 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
CPI QUALIFIED PLAN CONSULTANTS, INC · Recordkeeping$36,222
SHAFFER CAPITAL ADVISERS, LLC · Investment advisory (participants)$28,968
AMERICANTCS FIDUCIARY SERVICES, LLC · Trustee$1,250

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

Recordkeeper by year2
2025CPI QUALIFIED PLAN CONSULTANTS, INC
2024CPI QUALIFIED PLAN CONSULTANTS, INC

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

Administrative cost history2
2025$66,440 · 0.31%
2024$71,177 · 0.53%
Same employer
Similar plansProfessional & Technical Services · Ohio
Keyfactor, Inc. OH$25.7M · 0.06%
Nations Lending Corporation OH$25.7M · 0.78%
United Audit Systems Inc. OH$25.6M · 0.47%
Olive Ai, Inc. OH$25.3M · 0.80%
Maloney & Novotny LLC OH$24.9M · 0.27%
Karpinski Engineering, Inc. OH$24.8M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 815192423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.