Plan Snapshot
- Plan Sponsor: Maersk INC.
- Sponsor EIN: 135159146
- Sponsor Address: 180 PARK AVENUE, FLORHAM PARK, NJ, 07932
- Plan Type: DB
- Total Participants: 7
- Total Assets: $8.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 7 | $8.1M | $211,384 | $0 |
| 2023 | 8 | $8.0M | $333,473 | $0 |
| 2022 | 6 | $7.1M | $576,241 | $0 |
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 |
|---|---|---|---|---|
| WILLIAM MERCER | Other Service Provider | $58,775 | — | $58,775 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,775
- Estimated Expense Ratio: 0.727% 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 | $475,147 | — | $78,167 | — | — |
| 2023 | $425,170 | — | $49,874 | — | — |
| 2022 | $445,740 | — | $71,684 | — | — |