Plan Ledger DOL Form 5500 · updated monthly

Sea Research Foundation, Inc.401(k)

SEA RESEARCH FOUNDATION, INC. 401(K) PROFIT SHARING PLAN · MYSTIC, CT · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Sea Research Foundation, Inc. reported $13,090 in plan administrative expenses for 2024: 0.20% of average plan assets, lower than ~75% of peers. Employer contributions averaged $559 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 0.79% to 0.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Connecticut (836th of 1,106), and 1,981st of 3,341 in other services. In 2024, employees put in $5.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,203,994
Participants with balances243
Active participants208
Employer contributions$116,341
Employee contributions$648,690
Employer contribution per active participant$559
Average account balance$29,646
Benefits paid to participants$1,177,656
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 243 accts · $116K emplr
2023$5.9M · 222 accts · $114K emplr
2022$4.6M · 124 accts · $67K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,085
Investment management$10,005
Total administrative$13,090
The Sea Research Foundation, Inc. 401(k) match · 2024
Employer contribution per active participant$559
Median for plans this size$1,313
2024$559 per active participant
2023$666 per active participant
2022$314 per active participant

Sea Research Foundation, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
STIFEL NICOLAUS · Recordkeeping · Trustee$10,005
ADP, INC. · Loan processing · Recordkeeping$3,085
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, STIFEL NICOLAUS
2023ADP, STIFEL NICOLAUS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$13,090 · 0.20%
2023$9,975 · 0.19%
2022$43,933 · 0.79%
Same employer
Similar plansOther Services · Connecticut
Reliance Health, Inc. CT$7.4M · 1.08%
Sarah, Inc. CT$6.7M · 0.02%
Buildon, Inc. CT$6.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061480300 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.