Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › American Eagle Tankers
American Eagle Tankers 401(k)
- Transportation and warehousing
- Houston, TX
- EIN 76-0445673
- 1 plan with Schedule H financials
- Plan year 2024
- American Eagle Tankers Inc Ltd
- filed as AET Inc. Limited
Administrative expenses excluding investment management, per participant · AET Inc. Limited 401(k) Savings Plan · plan year 2024
$121.50
Higher than 51% of the 24,371 plans $10 to 50M that report it.
Source
= $29,888 / 246
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008153803NAL0006078801001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008153803NAL0006078801001, received 2025-10-08
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-08.
Cost and contributions
Administrative expenses per participant
$121.50
Higher than 32% of the 25,098 plans $10 to 50M that report it.
Source
= $29,888 / 246
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008153803NAL0006078801001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008153803NAL0006078801001, received 2025-10-08
Administrative expenses as a share of assets
0.090%
Higher than 19% of the 25,132 plans $10 to 50M that report it.
Source
= $29,888 / $33,309,260
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008153803NAL0006078801001, received 2025-10-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008153803NAL0006078801001, received 2025-10-08
Employer contributions per participant
$4,341
Higher than 88% of the 24,050 plans $10 to 50M that report it.
Source
= $1,067,866 / 246
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008153803NAL0006078801001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008153803NAL0006078801001, received 2025-10-08
Employer share of total contributions
40.5%
Higher than 85% of the 24,084 plans $10 to 50M that report it.
Source
= $1,067,866 / $2,639,105
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008153803NAL0006078801001, received 2025-10-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008153803NAL0006078801001, received 2025-10-08
Plan terms, as stated in American Eagle Tankers Inc Ltd's SEC filings
Plan terms are not published in public filings.
Plan features
2S pre-approved plan document · 2E profit-sharing · 3D IRS pre-approved plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2F ERISA 404(c) plan · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251008153803NAL0006078801001, received 2025-10-08
Full record, AET Inc. Limited 401(k) Savings Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | AET INC. LIMITED | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Plan name | AET INC. LIMITED 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Sponsor EIN / plan number | 76-0445673 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Sponsor location | HOUSTON, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Industry (business code) | 483000, Transportation and warehousing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Filing received | 2025-10-08 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Participants, beginning of year | 240 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Active participants | 171 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Participants, end of year | 253 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Participants with an account balance | 246 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Total assets, beginning of year | $30,148,689 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Total assets, end of year | $33,309,260 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Net assets, end of year | $33,309,260 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Total income | $7,528,847 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Net income | $3,160,571 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Employer contributions | $1,067,866 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Participant contributions | $1,536,183 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Other contributions (incl. rollovers) | $35,056 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Total contributions | $2,639,105 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Benefit payments | $4,338,388 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Total expenses (incl. benefit payments) | $4,368,276 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Total administrative expenses | $29,888 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Contract administrator fees | $29,888 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Administrative expenses excluding investment management | $29,888 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Held in mutual funds | $32,214,501 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251008153803NAL0006078801001, received 2025-10-08 |
| Independent auditor | SOL SWARTZ & ASSOCIATES P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251008153803NAL0006078801001, received 2025-10-08 |
Position = column in the DOL layout for form year 2024. Filing 20251008153803NAL0006078801001, received 2025-10-08.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| ASCENSUS LLCrecordkeeper | NONE | 37 Participant loan processing; 64 Recordkeeping fees; 99 Other fees; 15 Recordkeeping and information management; 50 Direct payment from the plan; 62 Float revenue | $29,888 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251008153803NAL0006078801001, received 2025-10-08.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $30,148,689 | $33,309,260 | 10.5% |
| Participants with a balance | 233 | 246 | 5.6% |
| Administrative expenses | $27,186 | $29,888 | 9.9% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $1,011,210 | $1,067,866 | 5.6% |
Prior filing 20241010105525NAL0020858945001, received 2024-10-10; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: AET INC. LIMITED; SEC registrant: AMERICAN EAGLE TANKERS INC LTD (CIK 920524, matched by EIN).