Plan Ledger DOL Form 5500 · updated monthly

North Coast Sea-Foods, Corp.401(k)

NORTH COAST SEA-FOODS, CORP. 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

North Coast Sea-Foods, Corp. reported $5,850 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,529 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 0.02% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 1,323rd-largest of 2,726 plans among Massachusetts employers on file, and the 253rd of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.28 for every $1.00 the employer contributed; active participation has shrunk from 289 to 247 since 2022.

Plan summary
Net assets, end of year$19,730,539
Participants with balances211
Active participants247
Employer contributions$377,727
Employee contributions$862,297
Employer contribution per active participant$1,529
Average account balance$93,510
Benefits paid to participants$2,986,510
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.7M · 211 accts · $378K emplr
2023$19.6M · 245 accts · $343K emplr
2022$16.0M · 216 accts · $337K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,550
Total administrative$5,850
The North Coast Sea-Foods, Corp. 401(k) match · 2024
Employer contribution per active participant$1,529
Median for plans this size$2,416
2024$1,529 per active participant
2023$1,169 per active participant
2022$1,166 per active participant

North Coast Sea-Foods, Corp.'s 2024 employer contribution ran below 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 · 20241
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$5,850

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$5,850 · 0.03%
2023$2,200 · 0.01%
2022$3,552 · 0.02%
Same employer
Similar plansAgriculture, Forestry & Fishing · Massachusetts
Appalachian Mountain Club MA$47.1M · 0.00%
Wilson Farm, Inc. MA$23.0M · 0.18%
Cavicchio Greenhouses Inc. MA$18.6M · 0.43%
Akoya Biosciences, Inc MA$18.0M · 0.02%
Next Step Healthcare, LLC MA$10.2M · 0.19%
3 Phase Elevator Corp. MA$9.8M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043059039 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.