Westbank Fishing, LLC.401(k)
WESTBANK FISHING, LLC 401(K) PLAN · NEW ORLEANS, LA · plan year 2022
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Westbank Fishing, LLC. reported $53,562 in plan administrative expenses for 2022: 0.44% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,616 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 413th-largest of 884 plans among Louisiana employers on file, and the 434th of 945 in agriculture, forestry & fishing. In 2022, employees put in $1.57 for every $1.00 the employer contributed.
Westbank Fishing, LLC.'s 2022 employer contribution ran below the $2,266 median for plans its size. 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 223143093 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.