Plan Ledger DOL Form 5500 · updated monthly

Trident Maritime Systems401(k)

TRIDENT MARITIME SYSTEMS RETIREMENT SAVINGS PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Trident Maritime Systems reported $109,075 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $1,013 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 0.14% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 322nd-largest of 2,266 plans among Virginia employers on file, and the 2,125th of 13,661 in manufacturing. In 2024, employees put in $4.24 for every $1.00 the employer contributed; active participation has grown from 953 to 1,299 since 2022.

Plan summary
Net assets, end of year$86,242,682
Participants with balances1,568
Active participants1,299
Employer contributions$1,316,208
Employee contributions$5,578,819
Employer contribution per active participant$1,013
Average account balance$55,002
Benefits paid to participants$12,128,641
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$86.2M · 1,568 accts · $1.3M emplr
2023$53.2M · 1,165 accts · $1.7M emplr
2022$44.3M · 1,148 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,947
Investment management$67,128
Audit (IQPA)$16,000
Total administrative$109,075
The Trident Maritime Systems 401(k) match · 2024
Employer contribution per active participant$1,013
Median for plans this size$3,635
2024$1,013 per active participant
2023$1,992 per active participant
2022$1,616 per active participant

Trident Maritime Systems'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 · 20245
OSAIC WEALTH INC. · Investment advisory (plan)$44,453
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$25,946
BDO · Accounting / audit$16,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,530
NFP RETIREMENT INC. · Investment advisory (plan)$7,146

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$109,075 · 0.16%
2023$95,647 · 0.20%
2022$68,119 · 0.14%
Same employer
Similar plansManufacturing · Virginia
Fn America LLC VA$100.4M · 0.19%
Chg Group, Inc. VA$96.8M · 0.05%
Global Tellink Corporation VA$95.4M · 0.27%
Strongwell Corporation VA$86.7M · 0.10%
Customink, LLC VA$84.3M · 0.34%
Rehau Incorporated VA$83.0M · 0.37%
Nightwing Group, LLC VA$81.6M · 0.04%
Vfp, Inc. VA$81.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371714323 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.