Intercruises Shoreside & Port Services, Inc. 401(k) Review & Grade
Tui USA 401(k) Plan
Fort Lauderdale, FLTransportation & Warehousing716 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$311Employer $ per active participant
$879Employee $ saved per active participant
1.36%Direct admin cost, % of plan assets
$5.5MNet plan assets, end of year
$10,671Average balance per account
Score breakdown
- Employer generosity7.5 / 5015th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 3th |
| Employee saving | 11th |
| Peers that auto-enroll | 37% |
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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 ($26,017 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $15,465 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Intercruises Shoreside & Port Services put in about $311 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.
- Direct plan expenses (1.36% of assets) are well above similar-size plans (0.23%). 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 | $222,665 |
| Participant (employee) contributions | $629,589 |
| Other contributions (incl. rollovers in) | $168,555 |
| Administrative expenses paid from the plan | $70,885 |
| Contract administrator fees | $60,985 |
| Benefits paid out | $829,608 |
| Net assets, start / end of year | $4.9M / $5.5M |
| Active participants, start / end of year | 752 / 681 |
| Participants with account balances | 520 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Purvis, Gray and Company, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $60,985 reported compensation |
| Principal Securities, Inc | $17,546 reported compensation |
| Purvis, Gray and Co LLP | $9,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144245NAL0002590051001, received 2025-10-15, EIN 26-3996323, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.