Plan Snapshot
- Plan Sponsor: Marine Travelift , INC.
- Sponsor EIN: 391224611
- Sponsor Address: 49 EAST YEW STREET, STURGEON BAY, WI, 54235
- Plan Type: 401(k)
- Total Participants: 153
- Total Assets: $19.8M
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 | 153 | $19.8M | $248,912 | $804,319 |
| 2023 | 161 | $17.7M | $249,337 | $785,904 |
| 2022 | 168 | $16.6M | $234,994 | $764,324 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $50,791 | — | $50,791 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $37,320 | — | $37,320 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,111
- Estimated Expense Ratio: 0.444% 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 | $53,216 | $2,111 | — | — | — |
| 2023 | $44,672 | $34,098 | — | — | — |
| 2022 | $46,862 | $16,618 | $30,244 | — | — |