Plan Snapshot
- Plan Sponsor: Sea Watch International, Ltd.
- Sponsor EIN: 510293931
- Sponsor Address: 8978 GLEBE PARK DRIVE, EASTON, MD, 216017004
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $15.0M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 173 | $15.0M | $404,486 | $720,006 |
| 2023 | 186 | $13.5M | $418,916 | $740,396 |
| 2022 | 194 | $13.1M | $393,116 | $761,443 |
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 |
|---|---|---|---|---|
| KESTRA ADVISORY SERVICE | Recordkeeper | — | $31,379 | $31,379 |
| LIMESTONE PENSION ASSOCIATES, LLC | Recordkeeper | — | $6,638 | $6,638 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA ADVISORY SERVICE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,017
- Estimated Expense Ratio: 0.254% 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 | $13,400 | — | — | — | — |
| 2023 | $12,175 | — | — | — | — |
| 2022 | $9,875 | — | — | — | $9,875 |