Plan Ledger DOL Form 5500 · updated monthly

Westward Seafoods, Inc.401(k)

WESTWARD SEAFOODS, INC. 401(K) RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Westward Seafoods, Inc. reported $122,646 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,041 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 3 years on file its reported administrative ratio has held roughly steady near 0.28%. 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 379th-largest of 1,714 plans among Washington employers on file, and the 3,324th of 13,661 in manufacturing. In 2024, employees put in $3.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,395,105
Participants with balances603
Active participants881
Employer contributions$917,386
Employee contributions$2,995,515
Employer contribution per active participant$1,041
Average account balance$76,940
Benefits paid to participants$3,657,378
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$46.4M · 603 accts · $917K emplr
2023$40.4M · 610 accts · $892K emplr
2022$34.4M · 580 accts · $841K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,687
Investment management$30,000
Audit (IQPA)$22,145
Trustee / custodial$18,814
Total administrative$122,646
The Westward Seafoods, Inc. 401(k) match · 2024
Employer contribution per active participant$1,041
Median for plans this size$2,416
2024$1,041 per active participant
2023$1,207 per active participant
2022$1,019 per active participant

Westward Seafoods, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
NORTHWEST PLAN SERVICES, INC. · Recordkeeping · Pension consulting$51,687
DUNCAN & HALEY LTD · Investment advisory (plan)$30,000
MOSS ADAMS, LLP · Accounting / audit$22,145
MATRIX TRUST COMPANY · Custodial · Trustee$18,814

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

Recordkeeper by year2
2024NWPS
2023NWPS

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

Administrative cost history3
2024$122,646 · 0.28%
2023$110,554 · 0.30%
2022$109,159 · 0.29%
Same employer
Similar plansManufacturing · Washington
Moses Lake Industries WA$48.3M · 0.27%
Janicki Industries, Inc. WA$47.9M · 0.26%
Wellons Group, Inc. WA$47.8M · 0.15%
Direct Connect Group, LLC WA$43.7M · 0.31%
Romac Industries, Inc. WA$43.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911443701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.