Canal Barge Company, Inc. 401(k) Review & Grade
Canal Barge Company, Inc. Employees' 401k Savings Plan
New Orleans, LATransportation & Warehousing932 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,753Employer $ per active participant
$5,439Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$100.3MNet plan assets, end of year
$84,052Average balance per account
Score breakdown
- Employer generosity41.2 / 5082th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 57th |
| Employee saving | 77th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Canal Barge Company put in about $2,753 per active participant, more than the typical peer ($1,070). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,564,269 |
| Participant (employee) contributions | $5,066,175 |
| Other contributions (incl. rollovers in) | $256,744 |
| Administrative expenses paid from the plan | $172,895 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $65,213 |
| Benefits paid out | $10,486,059 |
| Net assets, start / end of year | $90.0M / $100.3M |
| Active participants, start / end of year | 920 / 943 |
| Participants with account balances | 1,193 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $107,682 reported compensation |
| NFP Retirement Inc | $50,000 reported compensation |
| Strategic Advisors, Inc. | $15,213 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007115443NAL0002641907001, received 2025-10-07, EIN 72-0145535, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.