Retirement plan

GLACIER FISH COMPANY, LLC 401(K) SAVINGS PLAN

Name: GLACIER FISH COMPANY, LLC - GLACIER FISH COMPANY, LLC 401(K) SAVINGS PLAN (2023) Form 5500
Creator: GLACIER FISH COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLACIER FISH COMPANY, LLC 401(K) SAVINGS PLAN, GLACIER FISH COMPANY, LLC

GLACIER FISH COMPANY, LLCEIN 91-1875007Plan #002PY 2023

2001 WEST GARFIELD STREET, TERMINAL 91 BLDG. 1-A - SEATTLE, WA 98199206-298-1200glacierfish.comLinkedIn501-1000 employeesfishery

Prospect flagsHigh feesLow participationFailed to transmit contributions

Top hat statement on fileNQDC

Filed October 9, 1998

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$40.2M

+8.5% from 2022

Total participants

421

-0.5% from 2022

Average account balance

$162,097

+9.4% from 2022

Annual return

20.70%

+42.38 pp from 2022

Benchmarks

See 284 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort284 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$49.80M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

244

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.

58.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NORTHWEST PLAN SERVICES, INC.2 years Service code 15 · EIN 91-2090931 4025 DELRIDGE WAY, SUITE 250 · SEATTLE, WA 98106	Recordkeeping	$31,704
DUNCAN & HALEY LTD2 years Filed as: DUNCAN & HALEY, LTD Service code 27 · EIN 02-0532349 2753 S WASHINGTON STREET · SEATTLE, WA 98144	Advisory (Plan)	$20,000
HAGEN, KURTH, PERMAN & CO., PS9+ years Service code 10 · EIN 91-1233794 1111 THIRD AVE, STE 800 · SEATTLE, WA 98101	Accounting	$15,400
CHARLES SCHWAB & CO., INC.9+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 12401 RESEARCH BLVD · AUSTIN, TX 78759	Securities Custodian	$9,451

Plan features & details

Pension benefit codes2E2F2G2J2K

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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$77K

$241 / participant

Recordkeeping$32K41.4%
Trustee / custodial$9K12.3%
Investment mgmt$20K26.1%
Other / not subdivided$15K20.1%

% of EOY assets

0.190%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HAGEN, KURTH, PERMAN & CO., PS
Auditor EIN: 911233794
Audit fees: $15,400
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$162,097

$57,739+180.7%

$112,229+44.4%

$74,419+117.8%

Participation rate

45.6%

55.6%-10.0pp

72.4%-26.8pp

70.7%-25.1pp

Annual return

20.70%

19.52%+1.2pp

30.20%-9.5pp

34.38%-13.7pp

Employer contribution / active EE

$2,004

$1,675+19.7%

$3,430-41.6%

$2,637-24.0%

Participant deferral / active EE

$4,412

$2,891+52.6%

$4,798-8.0%

$4,528-2.6%

Admin fee / account holder

$309

$462-33.2%

$7,748-96.0%

$348-11.3%

Provider

Service type

Compensation

NORTHWEST PLAN SERVICES, INC.2 years

Service code 15 · EIN 91-2090931

4025 DELRIDGE WAY, SUITE 250 · SEATTLE, WA 98106

Recordkeeping

$31,704

DUNCAN & HALEY LTD2 years

Filed as: DUNCAN & HALEY, LTD

Service code 27 · EIN 02-0532349

2753 S WASHINGTON STREET · SEATTLE, WA 98144

Advisory (Plan)

$20,000

HAGEN, KURTH, PERMAN & CO., PS9+ years

Service code 10 · EIN 91-1233794

1111 THIRD AVE, STE 800 · SEATTLE, WA 98101

Accounting

$15,400

CHARLES SCHWAB & CO., INC.9+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

12401 RESEARCH BLVD · AUSTIN, TX 78759

Securities Custodian

$9,451

GLACIER FISH COMPANY, LLC 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GLACIER FISH COMPANY, LLC 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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