Plan Ledger DOL Form 5500 · updated monthly

United States Marine, Inc401(k)

UNITED STATES MARINE INC 401(K) PLAN · GULFPORT, MS · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

United States Marine, Inc reported $12,799 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,319 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 0.03% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 65th-largest of 367 plans among Mississippi employers on file, and the 3,967th of 13,661 in manufacturing. In 2024, employees put in $1.38 for every $1.00 the employer contributed; active participation has grown from 183 to 222 since 2022.

Plan summary
Net assets, end of year$35,773,779
Participants with balances242
Active participants222
Employer contributions$958,865
Employee contributions$1,324,984
Employer contribution per active participant$4,319
Average account balance$147,826
Benefits paid to participants$2,057,841
Plan auditUnmodified (clean) audit opinion
AuditorPEDELAHORE & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$35.8M · 242 accts · $959K emplr
2023$31.3M · 216 accts · $742K emplr
2022$26.3M · 193 accts · $680K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,799
Total administrative$12,799
The United States Marine, Inc 401(k) match · 2024
Employer contribution per active participant$4,319
Median for plans this size$2,416
2024$4,319 per active participant
2023$3,728 per active participant
2022$3,717 per active participant

United States Marine, Inc'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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$6,634

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$12,799 · 0.04%
2023$20,480 · 0.07%
2022$8,264 · 0.03%
Similar plansManufacturing · Mississippi
Hood Industries, Inc. MS$72.0M · 0.18%
Jones Companies, LLC MS$44.2M · 0.26%
Edelbrock Comp Parent Inc. MS$43.1M · 0.40%
Heritage Plastics, Inc. MS$36.7M · 0.27%
Hol-Mac Corporation MS$30.1M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721002525 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.