Plan Ledger DOL Form 5500 · updated monthly

San Pedro Fish Markets401(k)

SAN PEDRO FISH MARKETS 401(K) PROFIT SHARING PLAN & TRUST · SAN PEDRO, CA · plan year 2023

Reported admin expense ratio · 2023
0.86%

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

San Pedro Fish Markets reported $11,320 in plan administrative expenses for 2023: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $569 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 4 years on file its reported administrative ratio rose from 0.06% to 0.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (8,529th of 9,483), and 13,048th of 13,661 in manufacturing. In 2023, employees put in $1.80 for every $1.00 the employer contributed; active participation has shrunk from 151 to 120 since 2019.

Plan summary
Net assets, end of year$1,513,372
Participants with balances105
Active participants120
Employer contributions$68,324
Employee contributions$122,997
Employer contribution per active participant$569
Average account balance$14,413
Benefits paid to participants$7,062
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2023$1.5M · 105 accts · $68K emplr
2022$1.1M · 125 accts · $74K emplr
2020$867K · $47K emplr
2019$607K · 26 accts · $48K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,073
Investment management$6,247
Total administrative$11,320
The San Pedro Fish Markets 401(k) match · 2023
Employer contribution per active participant$569
Median for plans this size$1,308
2023$569 per active participant
2022$478 per active participant
2020$328 per active participant
2019$319 per active participant

San Pedro Fish Markets's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PAYCHEX, INC · Recordkeeping$5,073
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (participants)$6,247

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

Administrative cost history4
2023$11,320 · 0.86%
2022$8,932 · 0.78%
2020$180 · 0.02%
2019$300 · 0.06%
Similar plansManufacturing · California
Vibrant Sciences CA$1.6M · 0.06%
Wing Inflatables, Inc. CA$1.5M · 1.33%
Qc Manufacturing, Inc. CA$1.5M · 0.70%
Pacific Vial Mfg., Inc. CA$1.5M · 1.75%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 953635364 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.