Plan Snapshot
- Plan Sponsor: Atlantic Bulk Carrier Corporation
- Sponsor EIN: 541167276
- Sponsor Address: PO BOX 112, PROVIDENCE FORGE, VA, 23140
- Plan Type: 401(k)
- Total Participants: 161
- Total Assets: $5.9M
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. |
|---|---|---|---|---|
| 2024 | 161 | $5.9M | $113,253 | $485,836 |
| 2023 | 167 | $5.6M | $108,898 | $488,489 |
| 2022 | 190 | $5.0M | $107,796 | $462,984 |
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 |
|---|---|---|---|---|
| KEITER | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $56,417 | — | $56,417 | — | — |
| 2023 | $45,875 | $13,720 | $32,155 | — | — |
| 2022 | $40,546 | — | $40,546 | — | — |