Plan Ledger DOL Form 5500 · updated monthly

Third Coast Employee Services, LLC401(k)

THIRD COAST EMPLOYEE SERVICES, LLC 401 (K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Third Coast Employee Services, LLC reported $45,477 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $7,588 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 0.07% to 0.20%. 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 1,760th-largest of 5,688 plans among Texas employers on file, and the 636th of 2,677 in transportation & warehousing. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 109 to 124 since 2022.

Plan summary
Net assets, end of year$24,539,188
Participants with balances281
Active participants124
Employer contributions$940,880
Employee contributions$1,478,809
Employer contribution per active participant$7,588
Average account balance$87,328
Benefits paid to participants$2,173,444
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.5M · 281 accts · $941K emplr
2023$21.3M · 319 accts · $853K emplr
2022$18.4M · 312 accts · $731K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,532
Investment management$36,945
Total administrative$45,477
The Third Coast Employee Services, LLC 401(k) match · 2024
Employer contribution per active participant$7,588
Median for plans this size$2,416
2024$7,588 per active participant
2023$7,293 per active participant
2022$6,702 per active participant

Third Coast Employee Services, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$27,545
EMPOWER ADVISORY GROUP, LLC · Investment management$9,400

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

Administrative cost history3
2024$45,477 · 0.20%
2023$28,072 · 0.14%
2022$16,242 · 0.07%
Similar plansTransportation & Warehousing · Texas
Hmm (America), Inc TX$28.4M · 0.30%
Odfjell Holdings (US) Inc. TX$28.4M · 0.38%
Eastex Crude Company TX$28.0M · 0.02%
Wilhelmsen Ships Service TX$23.6M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 863843819 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.