Plan Ledger DOL Form 5500 · updated monthly

Cooke Seafoods USA401(k)

COOKE SEAFOODS USA 401(K) PLAN · SUFFOLK, VA · plan year 2024

Reported admin expense ratio · 2024
0.33%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Cooke Seafoods USA reported $185,989 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,467 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.31% to 0.33%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 403rd-largest of 2,266 plans among Virginia employers on file, and the 2,632nd of 13,661 in manufacturing. In 2024, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$64,355,994
Participants with balances782
Active participants883
Employer contributions$1,295,321
Employee contributions$2,550,459
Employer contribution per active participant$1,467
Average account balance$82,297
Benefits paid to participants$6,487,113
Plan auditUnmodified (clean) audit opinion
AuditorWARREN AVERRETT
Plan history3
Yearassets · accounts · employer contribution
2024$64.4M · 782 accts · $1.3M emplr
2023$49.3M · 788 accts · $1.1M emplr
2022$42.5M · 771 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,756
Investment management$77,223
Total administrative$185,989
The Cooke Seafoods USA 401(k) match · 2024
Employer contribution per active participant$1,467
Median for plans this size$3,635
2024$1,467 per active participant
2023$1,201 per active participant
2022$1,143 per active participant

Cooke Seafoods USA's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$45,341
EMPOWER ADVISORY GROUP, LLC · Investment management$31,882

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$185,989 · 0.33%
2023$144,548 · 0.31%
2022$150,305 · 0.31%
Similar plansManufacturing · Virginia
Swisslog Logistics, Inc VA$69.4M · 0.16%
Sauer Brands, Inc. VA$68.9M · 0.12%
Sicpa Securink Corporation VA$65.1M · 0.22%
Busch Consolidated, Inc. VA$62.5M · 0.14%
Cadence, Inc. VA$60.4M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980456975 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.