Cosco Shipping (North America) 401(k) match, vesting and fees
What Cosco Shipping (North America)'s 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Rsm US LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 246 defined-contribution plans in transportation and warehousing with 500 to 999 participants.
| Cosco Shipping (North America): employer contribution per participant | $1,738 | |
| Peer median | $1,244 |
| Cosco Shipping (North America): average balance | $150,823 | |
| Peer median | $40,518 |
| Cosco Shipping (North America): admin expenses ÷ assets | 0.26% | |
| Peer median | 0.37% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $103M at the end of plan year 2021 to $101M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 693 | $101M | $1.2M | $1,738 | 0.26% | Not published | Form 5500 ↗ |
| 2023 | 715 | $93.8M | $1.1M | $1,648 | 0.26% | Not published | Form 5500 ↗ |
| 2022 | 738 | $84.4M | $1.1M | $1,531 | 0.19% | Not published | Form 5500 ↗ |
| 2021 | 705 | $103M | $1.1M | $1,566 | 0.25% | Not published | Form 5500 ↗ |
Common questions
Does Cosco Shipping (North America) match 401(k) contributions?
The match terms for the Cosco Shipping (North America) Inc. 401(k) Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $1.2M in employer contributions, about $1,738 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Cosco Shipping (North America) 401(k) match vested?
The vesting schedule for the Cosco Shipping (North America) Inc. 401(k) Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Cosco Shipping (North America) 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Cosco Shipping (North America) Inc..
I left Cosco Shipping (North America). How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Cosco Shipping (North America) Inc., (201) 422-8811) or the recordkeeper, Principal Life Insurance Company. The Cosco Shipping (North America) old 401(k) page lists the contacts from every plan filing. Find an old Cosco Shipping (North America) 401(k)
Data from the public Form 5500 annual reports Cosco Shipping (North America) filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Cosco Shipping (North America). Not financial advice. Report a correction · Methodology