Plan Ledger DOL Form 5500 · updated monthly

Stavis Seafoods, LLC401(k)

STAVIS SEAFOODS, LLC PROFIT SHARING PLAN & TRUST · BOSTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.28%

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

Stavis Seafoods, LLC reported $45,108 in plan administrative expenses for 2023: 0.28% of average plan assets, above 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 0.24% to 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Massachusetts (1,459th of 2,726), and the 1,731st of 5,215 in retail trade.

Plan summary
Net assets, end of year$16,802,984
Participants with balances211
Active participants177
Employer contributions$0
Employee contributions$759,922
Employer contribution per active participant$0
Average account balance$79,635
Benefits paid to participants$2,242,815
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.0M · 204 accts
2023$16.8M · 211 accts
2022$15.7M · 215 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,890
Investment management$12,718
Audit (IQPA)$9,500
Total administrative$45,108
The Stavis Seafoods, LLC 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

Stavis Seafoods, LLC'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 · 20233
LION STREET ADVISORS LLC · Investment advisory (plan)$14,583
CARON & BLETZER · Accounting / audit$9,500
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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$113,489 · 0.69%
2023$45,108 · 0.28%
2022$41,893 · 0.24%
Similar plansRetail Trade · Massachusetts
Cohere Health, Inc MA$17.3M · 0.69%
Hingham Lumber Company Inc. MA$16.8M · 0.40%
Longs Jewelers, LTD MA$16.8M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823243673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.