Plan Ledger DOL Form 5500 · updated monthly

W8 Shipping LLC401(k)

W8 SHIPPING LLC RETIREMENT PLAN · CARSON, CA · plan year 2024

Reported admin expense ratio · 2024
0.97%

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

W8 Shipping LLC reported $4,465 in plan administrative expenses for 2024: 0.97% of average plan assets, above the peer median. Employer contributions averaged $18 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 0.86% to 0.97%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in California (9,025th of 9,483), and 2,391st of 2,677 in transportation & warehousing. In 2024, employees put in $72.37 for every $1.00 the employer contributed; active participation has grown from 146 to 220 since 2022.

Plan summary
Net assets, end of year$609,552
Participants with balances194
Active participants220
Employer contributions$4,023
Employee contributions$291,155
Employer contribution per active participant$18
Average account balance$3,142
Benefits paid to participants$40,658
Plan auditUnmodified (clean) audit opinion
AuditorNOREN NORDLING AND ASSOCIATES PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$610K · 194 accts · $4K emplr
2023$307K · 129 accts · $2K emplr
2022$99K · 122 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,465
Total administrative$4,465
The W8 Shipping LLC 401(k) match · 2024
Employer contribution per active participant$18
Median for plans this size$540
2024$18 per active participant
2023$16 per active participant

W8 Shipping LLC's 2024 employer contribution ran below the $540 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
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$4,465

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$4,465 · 0.97%
2023$3,978 · 1.96%
2022$851 · 0.86%
Same employer
Similar plansTransportation & Warehousing · California
Directpro Logistics, LLC CA$687K · 0.46%
Letter Ride LLC CA$686K · 0.38%
Crew Point Logistics LLC CA$623K · 0.48%
Ts Transporting, Inc. CA$546K · 0.31%
Inner City Logistics LLC CA$479K · 0.50%
Jeremiah Phillips, LLC. CA$474K · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452368477 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.