Plan Ledger DOL Form 5500 · updated monthly

Seabrook Brothers and Sons, Inc.401(k)

SEABROOK BROTHERS AND SONS, INC. PROFIT SHARING PLAN · SEABROOK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Seabrook Brothers and Sons, Inc. reported $80,627 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,860 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 0.33% to 0.31%. 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 880th-largest of 2,419 plans among New Jersey employers on file, and the 4,816th of 13,661 in manufacturing. In 2024, employees put in $1.03 for every $1.00 the employer contributed; active participation has shrunk from 267 to 217 since 2022.

Plan summary
Net assets, end of year$27,345,720
Participants with balances252
Active participants217
Employer contributions$403,727
Employee contributions$417,026
Employer contribution per active participant$1,860
Average account balance$108,515
Benefits paid to participants$1,580,704
Plan auditUnmodified (clean) audit opinion
AuditorATHEY & COMPANY, CPA'S PA
Plan history3
Yearassets · accounts · employer contribution
2024$27.3M · 252 accts · $404K emplr
2023$25.1M · 263 accts · $415K emplr
2022$22.2M · 292 accts · $448K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,627
Total administrative$80,627
The Seabrook Brothers and Sons, Inc. 401(k) match · 2024
Employer contribution per active participant$1,860
Median for plans this size$2,416
2024$1,860 per active participant
2023$1,774 per active participant
2022$1,680 per active participant

Seabrook Brothers and Sons, Inc.'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$80,627
OSAIC WEALTH INC · Other servicesindirect comp
WOODBURY FINANCIAL SERVICES · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$80,627 · 0.31%
2023$72,429 · 0.31%
2022$78,889 · 0.33%
Same employer
Similar plansManufacturing · New Jersey
Asbury Carbons, Inc. NJ$28.1M · 0.25%
Siegfried (USA), LLC NJ$27.9M · 0.07%
E.T. Browne Drug Co., Inc NJ$27.3M · 0.18%
Marcal Manufacturing, LLC NJ$26.6M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222170637 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.