Retirement plan

FISHERMEN'S FINEST, INC. 401(K) PLAN

Name: FISHERMEN'S FINEST, INC. - FISHERMEN'S FINEST, INC. 401(K) PLAN (2019) Form 5500
Creator: FISHERMEN'S FINEST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FISHERMEN'S FINEST, INC. 401(K) PLAN, FISHERMEN'S FINEST, INC.

FISHERMEN'S FINEST, INC.EIN 91-0831670Plan #001PY 2019

570 KIRKLAND WAY, SUITE 200 - KIRKLAND, WA 98033206-283-1137fishermensfinest.comLinkedIn51-200 employeesfishery

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4.6M

+28.0% from 2018

Total participants

143

+8.3% from 2018

Average account balance

$56,195

+24.9% from 2018

Annual return

23.29%

+30.58 pp from 2018

Benchmarks

See 470 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort470 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.25M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

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.

66.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$571K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10486

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
SOVEREIGN INVESTMENT ADVISORS1 year Filed as: SOVEREIGN WEALTH ADVISORS, INC. Service code 18 777 108TH AVENUE NE · BELLEVUE, WA 98004	Custodial (other than securities)	$6,875

Plan features & details

Pension benefit codes2E2F2G2J2R3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$13K

$102 / participant

Investment mgmt$7K51.2%
Other / not subdivided$7K48.8%

% of EOY assets

0.291%

all-in expense ratio

Categories reported

1 / 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: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,195

$54,045+4.0%

$115,167-51.2%

$65,186-13.8%

Participation rate

53.8%

63.5%-9.7pp

75.9%-22.1pp

70.2%-16.4pp

Annual return

23.29%

26.55%-3.3pp

35.60%-12.3pp

29.39%-6.1pp

Employer contribution / active EE

$1,107

$1,653-33.0%

$3,179-65.2%

$2,177-49.1%

Participant deferral / active EE

$3,466

$2,504+38.4%

$4,169-16.9%

$3,514-1.4%

Admin fee / account holder

$164

$626-73.8%

$7,089-97.7%

$847-80.7%

Provider

Service type

Compensation

SOVEREIGN INVESTMENT ADVISORS1 year

Filed as: SOVEREIGN WEALTH ADVISORS, INC.

Service code 18

777 108TH AVENUE NE · BELLEVUE, WA 98004

Custodial (other than securities)

$6,875

FISHERMEN'S FINEST, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FISHERMEN'S FINEST, INC. 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