Lindblad Expeditions, Inc. 401(k) Review & Grade
Lindblad Expeditions, Inc 401(k) Plan
Seattle, WAAdministrative, Support & Staffing Services632 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,086Employer $ per active participant
$5,769Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$48.7MNet plan assets, end of year
$60,475Average balance per account
Score breakdown
- Employer generosity32.0 / 5064th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 34th |
| Employee saving | 82th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Lindblad Expeditions put in about $1,086 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.36% 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.
- 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 | $686,451 |
| Participant (employee) contributions | $3,646,040 |
| Other contributions (incl. rollovers in) | $101,441 |
| Administrative expenses paid from the plan | $160,316 |
| Contract administrator fees | $63,325 |
| Investment advisory & management fees | $96,991 |
| Benefits paid out | $2,571,184 |
| Net assets, start / end of year | $40.1M / $48.7M |
| Active participants, start / end of year | 573 / 691 |
| Participants with account balances | 805 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Todres and Company |
Largest service providers (Schedule C)
| Merrill Lynch Retirement & Benefit | $96,991 reported compensation |
| Ascensus LLC | $63,325 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250813144413NAL0020411586001, received 2025-08-13, EIN 13-2991368, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.