# Donovan Marine, INC. 401(k) Plan
Source: https://planprovider.pro/companies/donovan-marine-inc-401k-plan

> Donovan Marine, INC.'s 401(k) plan: 371 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|

## Similar Plans

- [Scott Equipment Company, LLC](https://planprovider.pro/companies/scott-equipment-company-llc-401k-plan) — 350 participants

- [Deep South Equipment Company](https://planprovider.pro/companies/deep-south-equipment-company-401k-plan) — 337 participants

- [John H. Carter Co., INC.](https://planprovider.pro/companies/john-h-carter-co-inc-plan-002) — 803 participants

- [Industrial Welding Supply Co. Of Harvey, INC.](https://planprovider.pro/companies/industrial-welding-supply-co-of-harvey-inc-401k-plan) — 865 participants

- [H&E Equipment Services, INC.](https://planprovider.pro/companies/h-e-equipment-services-inc-401k-plan) — 2,870 participants

- [Scp Distributors, LLC](https://planprovider.pro/companies/scp-distributors-llc-401k-plan) — 4,766 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/donovan-marine-inc-401k-plan)

© 2026 PlanProvider.Pro