Plan Snapshot
- Plan Sponsor: Signet Maritime Corporation
- Sponsor EIN: 760498186
- Sponsor Address: 1300 POST OAK BOULEVARD, HOUSTON, TX, 770563059
- Plan Type: 401(k)
- Total Participants: 279
- Total Assets: $20.8M
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 | 279 | $20.8M | $1.0M | $1.6M |
| 2023 | 278 | $18.2M | $924,895 | $1.3M |
| 2022 | 254 | $16.2M | $301,395 | $1.2M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $52,875 | $217 | $53,092 |
| REGIONS BANK | NONE | $44,258 | — | $44,258 |
| SMITH, DUKES & BUCKALEW, L.L.P. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SMITH, DUKES & BUCKALEW, L.L.P. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,350
- Estimated Expense Ratio: 0.468% 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 | $97,134 | — | $52,876 | — | — |
| 2023 | $84,306 | — | $44,793 | — | — |
| 2022 | $78,392 | — | $78,392 | — | — |