International Marina Group I, L.P. 401(k) Review & Grade
Safe Harbor Marinas 401(k) Retirement Savings Plan
Dallas, TXArts, Entertainment & Recreation2,946 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,023Employer $ per active participant
$4,063Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$123.3MNet plan assets, end of year
$31,783Average balance per account
Score breakdown
- Employer generosity22.1 / 5044th percentile for employer $ per participant
- Low cost5.6 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 2,500–9,999 active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 22th |
| Employee saving | 74th |
| Peers that auto-enroll | 43% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,181,046 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- International Marina Group I, L.P. put in about $1,023 per active participant, below the typical peer ($1,107). 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.
- Direct plan expenses (0.31% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,013,896 |
| Participant (employee) contributions | $11,968,539 |
| Other contributions (incl. rollovers in) | $1,337,963 |
| Administrative expenses paid from the plan | $348,964 |
| Contract administrator fees | $296,464 |
| Investment advisory & management fees | $52,500 |
| Benefits paid out | $8,432,954 |
| Net assets, start / end of year | $103.3M / $123.3M |
| Active participants, start / end of year | 2,951 / 2,940 |
| Participants with account balances | 3,881 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Svcs | $296,465 reported compensation |
| Ubs Financial Services, Inc. | $52,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007081611NAL0010987618001, received 2025-10-07, EIN 75-2920867, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.