Royal Caribbean Cruises LTD. 401(k) Review & Grade
Royal Caribbean Cruises LTD. Ret. Savings Plan
Miami, FLTransportation & Warehousing4,177 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,492Employer $ per active participant
$7,336Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$787.2MNet plan assets, end of year
$126,614Average balance per account
Score breakdown
- Employer generosity42.2 / 5084th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 64th |
| Employee saving | 80th |
| Peers that auto-enroll | 46% |
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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
- Royal Caribbean Cruises put in about $5,492 per active participant, more than the typical peer ($1,834). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $22,941,043 |
| Participant (employee) contributions | $30,641,309 |
| Other contributions (incl. rollovers in) | $5,181,809 |
| Administrative expenses paid from the plan | $588,697 |
| Other admin expenses | $11,036 |
| Benefits paid out | $43,417,487 |
| Net assets, start / end of year | $678.4M / $787.2M |
| Active participants, start / end of year | 4,079 / 4,275 |
| Participants with account balances | 6,217 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Price Waterhouse Coopers |
Largest service providers (Schedule C)
| Milliman, Inc. | $577,137 reported compensation |
| Charles Schwabtrust Bank | $86,679 reported compensation |
| Russell Investments Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910152917NAL0021282961001, received 2025-09-10, EIN 98-0081645, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.