Crosby Tugs LLC 401(k) Review & Grade
Crosby Tugs, LLC 401(k) Plan
Galliano, LATransportation & Warehousing730 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$853Employer $ per active participant
$2,460Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$21.5MNet plan assets, end of year
$55,182Average balance per account
Score breakdown
- Employer generosity21.7 / 5043th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 36th |
| Employee saving | 40th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Crosby Tugs put in about $853 per active participant, below the typical peer ($1,070). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $622,393 |
| Participant (employee) contributions | $1,795,577 |
| Other contributions (incl. rollovers in) | $521,287 |
| Administrative expenses paid from the plan | $71,856 |
| Contract administrator fees | $71,856 |
| Benefits paid out | $4,522,948 |
| Net assets, start / end of year | $20.6M / $21.5M |
| Active participants, start / end of year | 766 / 694 |
| Participants with account balances | 389 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pepperman Emboulas Schwartz & Todar |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $71,856 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015090547NAL0002143139001, received 2025-10-15, EIN 72-0914194, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.