Plan Snapshot
- Plan Sponsor: American Bureau Of Shipping
- Sponsor EIN: 134921556
- Sponsor Address: 1701 CITY PLAZA DRIVE, SPRING, TX, 77389
- Plan Type: Health & Welfare
- Plan Number: 510
- Total Participants: 350
- Total Assets: $119.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 350 | $119.1M | $0 | $233,243 |
| 2023 | 303 | $113.4M | $0 | $281,545 |
| 2022 | 302 | $102.9M | $0 | $304,140 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | Recordkeeper | $640,791 | — | $640,791 |
| BLUECROSS BLUE SHIELD OF TEXAS | Other Service Provider | $124,876 | — | $124,876 |
| MORGAN STANLEY AIP GL LP | Recordkeeper | $106,589 | — | $106,589 |
| POLEN CAPITAL | Other Service Provider | $61,654 | — | $61,654 |
| VOYA INVESTMENT MANAGEMENT | Other Service Provider | $48,066 | — | $48,066 |
| MCCONNELL & JONES LLP | Auditor | $34,550 | — | $34,550 |
| STATE STREET BANK & TRUST COMPANY | Other Service Provider | $22,546 | — | $22,546 |
| WILLIS TOWERS WATSON | Other Service Provider | $15,579 | — | $15,579 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — Recordkeeper
- MORGAN STANLEY AIP GL LP — Recordkeeper
- MCCONNELL & JONES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,054,651
- Estimated Expense Ratio: 0.885% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,071,280 | $857,100 | $140,455 | $34,550 | — |
| 2023 | $753,020 | $608,689 | $78,834 | $30,750 | — |
| 2022 | $864,601 | $706,514 | — | — | $158,087 |