Lyon Shipyard, Inc. 401(K) Plan — Form 5500 plan (Lyon Shipyard, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Lyon Shipyard, Inc. 401(K) Plan is a benefit plan reported by Lyon Shipyard, Inc. under EIN 54-0308290 and plan number 002. The latest loaded filing year is 2023. The filing reports 290 participants and $8,341,495 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$8.3MPlan net assets, end of year$8,341,495
Participants290Covered participants reported
Assets / participant$28.8KComputed: assets ÷ participants$28,764 (computed)
Provider compensation$77.6K3 Schedule C provider row(s)$77,636
- Plan sponsor
- Lyon Shipyard, Inc.
- EIN
- 54-0308290
- Plan number
- 002
- Plan type
- 2
- Location
- Norfolk, VA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 290 | H, C | 20241015111824NAL0047538736001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$8.3M total assets
Net assets$8.3MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $8,341,495
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,341,495
- Net assets (BOY)
- $7,430,344
Income & contributions
- Employer contributions
- $332,976
- Participant contributions
- $1,150,954
- Total contributions
- $1,607,545
- Total income / additions
- $2,656,982
Expenses & distributions
- Benefits paid
- $1,680,671
- Administrative expenses
- $65,160
- Total expenses
- $1,745,831
- Net increase / (decrease)
- $911,151
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
22%78%
Employer 22%Participant 78%
Total expenses ÷ net assets21%Computed ratio
Benefits paid ÷ total income63%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $65,159 | $0 | 2023 |
| The Leaders Group Inc | OTHER SERVICES | $0 | $12,477 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |