Plan Ledger DOL Form 5500 · updated monthly

North Pacific Seafoods, Inc.401(k)

NORTH PACIFIC SEAFOODS 401(K) SAVINGS PLAN · EDMONDS, WA · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

North Pacific Seafoods, Inc. reported $150,467 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,595 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 0.53% to 0.58%. 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 527th-largest of 1,714 plans among Washington employers on file, and the 4,458th of 13,661 in manufacturing. In 2024, employees put in $2.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,269,795
Participants with balances836
Active participants388
Employer contributions$1,007,003
Employee contributions$2,282,232
Employer contribution per active participant$2,595
Average account balance$36,208
Benefits paid to participants$4,330,640
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.3M · 836 accts · $1.0M emplr
2023$21.4M · 575 accts · $793K emplr
2022$19.3M · 549 accts · $681K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$150,467
Total administrative$150,467
The North Pacific Seafoods, Inc. 401(k) match · 2024
Employer contribution per active participant$2,595
Median for plans this size$2,416
2024$2,595 per active participant
2023$2,228 per active participant
2022$1,842 per active participant

North Pacific Seafoods, Inc.'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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$71,723
HUNNEX AND SHOEMAKER, INC. · Recordkeeping · Loan processingindirect comp
MOSS ADAMS LLP · Accounting / audit$23,100
ASSUREDPARTNERS FINANCIAL SERVICES · Investment advisory (plan)$17,500
M HOLDINGS SECURITIES, INC. · Investment advisory (plan)$12,500

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

Recordkeeper by year2
2024HUNNEX AND SHOEMAKER, INC., Transamerica
2023HUNNEX AND SHOEMAKER, INC., Transamerica

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Administrative cost history3
2024$150,467 · 0.58%
2023$112,305 · 0.55%
2022$107,772 · 0.53%
Same employer
Similar plansManufacturing · Washington
Scafco Corporation WA$31.9M · 0.18%
Great Western Malting Co. WA$31.2M · 0.45%
Mackay Manufacturing, Inc. WA$30.8M · 0.23%
Cascade Dafo, Inc WA$30.3M · 0.28%
The Neil Jones Food Company WA$29.8M · 0.10%
Alta Forest Products, LLC WA$29.3M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202319027 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.