Plan Snapshot
- Plan Sponsor: American Bureau Of Shipping
- Sponsor EIN: 134921556
- Sponsor Address: 1701 CITY PLAZA DRIVE, SPRING, TX, 77389
- Plan Type: DB
- Total Participants: 678
- Total Assets: $426.4M
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 | 678 | $426.4M | $0 | $0 |
| 2023 | 741 | $451.5M | $0 | $0 |
| 2022 | 795 | $381.8M | $0 | $0 |
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 |
|---|---|---|---|---|
| MCCONNELL & JONES LLP | Auditor | $46,500 | — | $46,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCCONNELL & JONES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,500
- Estimated Expense Ratio: 0.011% 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 | $2,226,154 | $1,528,655 | — | $46,500 | — |
| 2023 | $1,767,301 | $1,388,871 | — | $24,000 | — |
| 2022 | $2,363,489 | $1,334,796 | — | — | $848,102 |