Plan Ledger DOL Form 5500 · updated monthly

Viking Yacht Company401(k)

VIKING YACHT COMPANY RETIREMENT SAVINGS PLAN · NEW GRETNA, NJ · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Viking Yacht Company reported $61,626 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,669 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 fell from 0.31% to 0.05%. 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 327th-largest of 2,419 plans among New Jersey employers on file, and the 1,676th of 13,661 in manufacturing. In 2024, employees put in $2.19 for every $1.00 the employer contributed; active participation has grown from 1,628 to 1,894 since 2022.

Plan summary
Net assets, end of year$118,449,212
Participants with balances1,541
Active participants1,894
Employer contributions$3,161,006
Employee contributions$6,933,476
Employer contribution per active participant$1,669
Average account balance$76,865
Benefits paid to participants$11,338,268
Plan auditUnmodified (clean) audit opinion
AuditorMAILLIE
Plan history3
Yearassets · accounts · employer contribution
2024$118.4M · 1,541 accts · $3.2M emplr
2023$108.1M · 1,589 accts · $3.2M emplr
2022$95.7M · 1,537 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,626
Total administrative$61,626
The Viking Yacht Company 401(k) match · 2024
Employer contribution per active participant$1,669
Median for plans this size$3,635
2024$1,669 per active participant
2023$1,713 per active participant
2022$1,877 per active participant

Viking Yacht Company'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 · 20241
SENTINEL BENEFITS GROUP LLC · Recordkeeping$61,626

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history3
2024$61,626 · 0.05%
2023$58,449 · 0.06%
2022$316,676 · 0.31%
Same employer
Similar plansManufacturing · New Jersey
Ipc Systems, Inc. NJ$126.0M · 0.13%
Pacira Biosciences, Inc. NJ$126.0M · 0.09%
Samsung Sds America, Inc. NJ$125.7M · 0.13%
Foley, Incorporated NJ$123.9M · 0.14%
Emeh, Inc. NJ$117.9M · 0.11%
Bobst North America, Inc. NJ$115.9M · 0.09%
Gerresheimer Glass Inc. NJ$115.0M · 0.22%
Sabert Corporation NJ$113.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221737267 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.