Plan Ledger DOL Form 5500 · updated monthly

Seachange International, Inc.401(k)

SEACHANGE INTERNATIONAL 401(K) RETIREMENT PLAN · BOSTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.16%

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

Seachange International, Inc. reported $43,361 in plan administrative expenses for 2023: 0.16% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.15% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,063rd-largest of 2,726 plans among Massachusetts employers on file, and the 4,780th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$27,599,761
Participants with balances173
Active participants18
Employer contributions$0
Employee contributions$260,710
Employer contribution per active participant$0
Average account balance$159,536
Benefits paid to participants$3,139,602
Plan auditUnmodified (clean) audit opinion
AuditorSTOWE & DEGON
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 146 accts
2023$27.6M · 173 accts
2022$26.5M · 193 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$18,324
Investment management$25,037
Total administrative$43,361
The Seachange International, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

Seachange International, Inc.'s 2023 employer contribution ran below the $2,440 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
ROCKLAND TRUST CO · Investment advisory (plan)$22,917
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$18,324

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$42,602 · 0.17%
2023$43,361 · 0.16%
2022$44,872 · 0.15%
Similar plansManufacturing · Massachusetts
Cox Engineering Company MA$29.0M · 0.13%
The Gem Group, Inc. MA$28.2M · 0.44%
Avedis Zildjian Co. MA$27.8M · 0.21%
Shawmut LLC MA$27.8M · 0.20%
Nye Lubricants, Inc. MA$26.9M · 0.02%
Harmonic Drive LLC MA$26.9M · 0.27%
Plansee USA LLC MA$26.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043197974 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.