Plan Snapshot
- Plan Sponsor: Donovan Marine, INC.
- Sponsor EIN: 720642880
- Sponsor Address: 6316 HUMPHREYS STREET, HARAHAN, LA, 70123
- Plan Type: 401(k)
- Total Participants: 371
- Total Assets: $39.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 371 | $39.1M | $766,875 | $2.0M |
| 2023 | 422 | $36.5M | $809,582 | $2.0M |
| 2022 | 426 | $31.9M | $867,374 | $2.1M |
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 |
|---|---|---|---|---|
| BKS FINANCIAL INVESTMENTS LLC DBA | INVESTMENT ADVISOR | $88,902 | — | $88,902 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $66,794 | — | $66,794 |
| ERICKSEN, KRENTEL & LAPORTE, LLP | AUDITOR | $14,200 | — | $14,200 |
| ERICKSEN KRENTEL, LLP | Auditor | $14,200 | — | $14,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $184,096
- Estimated Expense Ratio: 0.471% 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 | $169,896 | $155,696 | — | $14,200 | — |
| 2023 | $154,211 | $140,811 | — | $13,400 | — |
| 2022 | $157,501 | $157,501 | — | — | — |