Plan Ledger DOL Form 5500 · updated monthly

King & Prince Seafood Corporation401(k)

KING & PRINCE SAVINGS PLAN · BRUNSWICK, GA · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

King & Prince Seafood Corporation reported $1,896 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,588 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 fell from 0.04% to 0.00%. 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 the 536th-largest of 2,160 plans among Georgia employers on file, and the 3,555th of 13,661 in manufacturing. In 2024, employees put in $2.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,195,785
Participants with balances667
Active participants460
Employer contributions$1,190,352
Employee contributions$2,555,984
Employer contribution per active participant$2,588
Average account balance$63,262
Benefits paid to participants$3,603,290
Plan auditUnmodified (clean) audit opinion
AuditorMAMACOS, BYSIEWICZ & ASSOCIATES, LL
Plan history3
Yearassets · accounts · employer contribution
2024$42.2M · 667 accts · $1.2M emplr
2023$36.8M · 583 accts · $1.1M emplr
2022$32.3M · 554 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,896
Total administrative$1,896
The King & Prince Seafood Corporation 401(k) match · 2024
Employer contribution per active participant$2,588
Median for plans this size$2,416
2024$2,588 per active participant
2023$2,528 per active participant
2022$2,595 per active participant

King & Prince Seafood Corporation's 2024 employer contribution ran above the $2,416 median for plans its size. 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 · 20246
NEW EDGE ADVISORS, LLC · Investment advisory (plan)$81,118
RETIREMENT PLAN ADMINISTRATORS, LLC · Contract administrator$21,697
ASCENSUS HOLDING INC. · Contract administrator$20,442
ASCENSUS INC · Contract administrator$6,450
KING & PRINCE SEAFOOD CORP$3,074

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$1,896 · 0.00%
2023$13,691 · 0.04%
2022$14,031 · 0.04%
Same employer
Similar plansManufacturing · Georgia
Delta Apparel, Inc. GA$45.0M · 0.07%
Price Industries, Inc. GA$43.4M · 0.27%
Wise Foods, Inc. GA$42.7M · 0.44%
Wencor Group, LLC GA$41.9M · 0.13%
Harrison Poultry, Inc. GA$38.7M · 0.54%
Larson-Juhl US LLC GA$38.3M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580630562 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.