Plan Snapshot
- Plan Sponsor: Maersk Agency Usa, INC.
- Sponsor EIN: 135159146
- Sponsor Address: 180 PARK AVENUE, FLORHAM PARK, NJ, 07932
- Plan Type: 401(k)
- Total Participants: 10,682
- Total Assets: $1.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 10,682 | $1.0B | $22.8M | $45.3M |
| 2023 | 10,357 | $920.6M | $23.1M | $45.8M |
| 2022 | 4,490 | $661.3M | $12.6M | $21.5M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SVCS | RETAINED BY CLIENT | $530,793 | — | $530,793 |
| MERCER INVESTMENTS | RETAINED BY CLIENT | $111,658 | — | $111,658 |
| PRICEWATERHOUSECOOPERS LLP | RETAINED BY CLIENT | $80,100 | — | $80,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SVCS — RETAINED BY CLIENT
- PRICEWATERHOUSECOOPERS LLP — RETAINED BY CLIENT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $722,551
- Estimated Expense Ratio: 0.071% 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 | $724,084 | $111,658 | $530,793 | $80,100 | — |
| 2023 | $704,661 | $136,689 | $560,812 | $7,160 | — |
| 2022 | $890,676 | $101,714 | $788,962 | — | — |