Plan Snapshot
- Plan Sponsor: Austal Usa. LLC
- Sponsor EIN: 631238756
- Sponsor Address: 100 ADDSCO ROAD, MOBILE, AL, 36602
- Plan Type: 401(k)
- Total Participants: 2,711
- Total Assets: $129.6M
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. |
|---|---|---|---|---|
| 2024 | 2,711 | $129.6M | $4.2M | $9.4M |
| 2023 | 2,636 | $115.2M | $3.5M | $8.5M |
| 2022 | 2,524 | $96.5M | $3.9M | $8.8M |
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 |
|---|---|---|---|---|
| CARR, RIGGS INGRAM, LLC | 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 | $288,778 | $51,950 | $227,628 | — | — |
| 2023 | $231,798 | $50,300 | $171,348 | — | — |
| 2022 | $236,010 | — | — | — | — |