# Marine Systems Corporation 401(k) Plan
Source: https://planprovider.pro/companies/marine-systems-corporation-401k-plan

> Marine Systems Corporation's 401(k) plan: 163 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Marine Systems Corporation

- **Sponsor EIN:** 042526598

- **Sponsor Address:** 23 DRYDOCK AVE., STE 620W, BOSTON, MA, 022102122

- **Plan Type:** 401(k)

- **Total Participants:** 163

- **Total Assets:** $8.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|163|$8.8M|$124,700|$799,673|

| 2023|154|$7.9M|$36,677|$701,318|

| 2022|137|$6.4M|$41,522|$687,455|

## 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|

| R.A. HALL & CO., 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|$67,279|$33,317|$33,962|—|—|

| 2023|$57,731|$27,985|$29,746|—|—|

| 2022|$54,329|$25,715|$28,614|—|—|

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