Plan Snapshot
- Plan Sponsor: Aries Marine Corporation
- Sponsor EIN: 721258490
- Sponsor Address: 816 GUILLOT RD, YOUNGSVILLE, LA, 70592
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 115
- Total Assets: $8.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 115 | $8.6M | $0 | $0 |
| 2024 | 100 | $9.6M | $0 | $350,674 |
| 2023 | 84 | $9.8M | $0 | $277,647 |
| 2022 | 88 | $9.9M | $0 | $249,508 |
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 |
|---|---|---|---|---|
| SUMMIT FINANCIAL WEALTH ADVISORS, L | Investment Advisor | $24,659 | — | $24,659 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,659
- Estimated Expense Ratio: 0.287% 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 |
|---|---|---|---|---|---|
| 2025 | $2,638,372 | $24,659 | — | — | — |
| 2024 | $24,683 | $24,683 | — | — | — |
| 2023 | $25,943 | $25,943 | — | — | — |
| 2022 | $27,289 | $27,289 | — | — | — |