# Sbm Offshore Usa, INC. 401(k) Plan
Source: https://planprovider.pro/companies/sbm-offshore-usa-inc-401k-plan

> Sbm Offshore Usa, INC.&#39;s 401(k) plan: 29 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sbm Offshore Usa, INC.

- **Sponsor EIN:** 954278218

- **Sponsor Address:** 585 N DAIRY ASHFORD RD, HOUSTON, TX, 77079

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

- **Total Participants:** 29

- **Total Assets:** $88.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|29|$88.0M|$235,206|$453,314|

| 2023|32|$90.7M|$182,923|$454,227|

| 2022|34|$84.7M|$231,082|$453,834|

## 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|

| WEINSTEIN SPIRA &COMPANY ,P.C.|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|$74,790|—|—|—|—|

| 2023|$75,822|—|—|—|—|

| 2022|$77,110|—|—|—|—|

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