Ipswich Shellfish Company, Inc.401(k)
IPSWICH SHELLFISH COMPANY, INC. 401(K) PLAN · IPSWICH, MA · plan year 2024
Ipswich Shellfish Company, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $17,543,769 across 146 participant accounts, with employer contributions averaging $623 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Massachusetts (1,429th of 2,726), and the 6,445th of 13,661 in manufacturing. In 2024, employees put in $5.78 for every $1.00 the employer contributed.
Ipswich Shellfish Company, Inc.'s 2024 employer contribution ran below the $2,416 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 042265029 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.