Retirement plan

AMERICAN SEAFOODS GROUP 401(K) PLAN

Name: AMERICAN SEAFOODS GROUP, LLC. - AMERICAN SEAFOODS GROUP 401(K) PLAN (2020) Form 5500
Creator: AMERICAN SEAFOODS GROUP, LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN SEAFOODS GROUP 401(K) PLAN, AMERICAN SEAFOODS GROUP, LLC.

AMERICAN SEAFOODS GROUP, LLC.EIN 22-3702647Plan #001PY 2020

2025 FIRST AVENUE, SUITE 900 - SEATTLE, WA 98121206-448-0300

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$30.6M

+24.3% from 2019

Total participants

1,187

+28.6% from 2019

Average account balance

$67,136

+22.1% from 2019

Annual return

13.33%

-7.34 pp from 2019

Benchmarks

See 74 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort74 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$54.49M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$101K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

542

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

45.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.78%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$265

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
M HOLDINGS SECURITIES INC6+ years Filed as: M HOLDINGS SECURITIES, INC. Service code 22	Insurance Broker	$49,345
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 15 · EIN 13-3689044	Recordkeeping	$41,179
HUNNEX AND SHOEMAKER, INC.6+ years Service code 15 · EIN 91-1072394	Recordkeeping	$8,000
M HOLDINGS SECURITIES INC3 years Filed as: M HOLDINGS SECURITIES INC. Service code 22 · EIN 91-1802259	Insurance Broker	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$68K

$60 / participant

Other / not subdivided$68K100.0%

% of EOY assets

0.222%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,136

$41,774+60.7%

$118,946-43.6%

$90,274-25.6%

Participation rate

35.2%

55.0%-19.8pp

75.4%-40.2pp

73.4%-38.2pp

Annual return

13.33%

16.64%-3.3pp

35.89%-22.6pp

53.97%-40.6pp

Employer contribution / active EE

$1,527

$986+54.9%

$3,263-53.2%

$2,523-39.5%

Participant deferral / active EE

$3,411

$1,683+102.6%

$4,266-20.0%

$4,231-19.4%

Admin fee / account holder

$149

$85+75.7%

$6,581-97.7%

$114+30.4%

Provider

Service type

Compensation

M HOLDINGS SECURITIES INC6+ years

Filed as: M HOLDINGS SECURITIES, INC.

Service code 22

Insurance Broker

$49,345

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$41,179

HUNNEX AND SHOEMAKER, INC.6+ years

Service code 15 · EIN 91-1072394

Recordkeeping

$8,000

M HOLDINGS SECURITIES INC3 years

Filed as: M HOLDINGS SECURITIES INC.

Service code 22 · EIN 91-1802259

Insurance Broker

AMERICAN SEAFOODS GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN SEAFOODS GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion