Plan Ledger DOL Form 5500 · updated monthly

Tidewater Direct, LLC401(k)

TIDEWATER DIRECT, LLC 401(K) PLAN · CENTREVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.20%

Tidewater Direct, LLC reported $5,668 in plan administrative expenses for 2024: 0.20% of average plan assets, lower than ~75% of peers. 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 0.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Maryland (1,445th of 1,671), and 12,311th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$2,945,026
Participants with balances124
Active participants126
Employer contributions—
Employee contributions$243,448
Employer contribution per active participant—
Average account balance$23,750
Benefits paid to participants$270,390
Plan auditUnmodified (clean) audit opinion
AuditorBENEFIT AUDIT GROUP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 124 accts
2023$2.7M · 128 accts
2022$2.3M · 122 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,668
Total administrative$5,668
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
JOHN HANCOCK LIFE INS. CO. · Recordkeeping · Investment management$900

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$5,668 · 0.20%
2023$5,628 · 0.23%
2022$4,707 · 0.17%
Same employer
Similar plansManufacturing · Maryland
Niche Polymer LLC MD$3.3M · 0.21%
Hub Labels, Inc. MD$3.1M · 0.28%
Maryland Paper Company LP MD$3.0M · 0.59%
Bakery de France, Inc. MD$2.9M · 0.35%
Onguard Industries, LLC MD$2.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203726252 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.