Retirement plan

OCEAN GOLD SEAFOODS 401K PROFIT SHARING PLAN AND TRUST

Name: OCEAN GOLD SEAFOODS, INC. - OCEAN GOLD SEAFOODS 401K PROFIT SHARING PLAN AND TRUST (2019) Form 5500
Creator: OCEAN GOLD SEAFOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCEAN GOLD SEAFOODS 401K PROFIT SHARING PLAN AND TRUST, OCEAN GOLD SEAFOODS, INC.

OCEAN GOLD SEAFOODS, INC.EIN 91-1654595Plan #001PY 2019

1804 N NYHUS ST - WESTPORT, WA 985959727360-268-2510oceangoldseafoods.comLinkedIn201-500 employeesfood production

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+47.7% from 2018

Total participants

195

+12.1% from 2018

Average account balance

$27,582

+31.6% from 2018

Annual return

24.20%

+33.43 pp from 2018

Benchmarks

See 966 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort966 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.52M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

40.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$600K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4343

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$8,331
EDWARD JONES2 years Service code 27 · EIN 43-0345811	Advisory (Plan)	$6,709
WILSHIRE ASSOCIATES INCORPORATED3 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

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

$8K

$43 / participant

Contract admin$8K100.0%

% of EOY assets

0.472%

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: SMITH BUNDAY BERMAN BRITTON, P.S.
Auditor EIN: 911275259
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,582

$50,666-45.6%

$76,667-64.0%

$65,186-57.7%

Participation rate

32.1%

68.8%-36.7pp

72.1%-40.0pp

70.2%-38.1pp

Annual return

24.20%

28.51%-4.3pp

1166.74%-1142.5pp

29.39%-5.2pp

Employer contribution / active EE

$647

$1,575-58.9%

$2,303-71.9%

$2,177-70.3%

Participant deferral / active EE

$1,258

$2,647-52.5%

$3,336-62.3%

$3,514-64.2%

Admin fee / account holder

$130

$463-71.9%

$6,423-98.0%

$847-84.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$8,331

EDWARD JONES2 years

Service code 27 · EIN 43-0345811

Advisory (Plan)

$6,709

WILSHIRE ASSOCIATES INCORPORATED3 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

OCEAN GOLD SEAFOODS 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCEAN GOLD SEAFOODS 401K PROFIT SHARING PLAN AND TRUST

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