Retirement plan

UNITED STATES SEAFOODS 401(K) RETIREMENT SAVINGS PLAN & TRUST

Name: UNITED STATES SEAFOODS, LLC - UNITED STATES SEAFOODS 401(K) RETIREMENT SAVINGS PLAN & TRUST (2018) Form 5500
Creator: UNITED STATES SEAFOODS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED STATES SEAFOODS 401(K) RETIREMENT SAVINGS PLAN & TRUST, UNITED STATES SEAFOODS, LLC

UNITED STATES SEAFOODS, LLCEIN 91-2087455Plan #001PY 2018

1801 FAIRVIEW AVENUE EAST, SUITE 100 - SEATTLE, WA 98102206-763-3133unitedstatesseafoods.comLinkedIn201-500 employeesfishery

Other plans on this EIN

1 filing

#002Retirement-$1.2M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1M

-8.9% from 2017

Total participants

437

+97.7% from 2017

Average account balance

$26,918

-16.1% from 2017

Annual return

-6.42%

-18.36 pp from 2017

Benchmarks

See 241 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort241 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$920K

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

14.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$90K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$546

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

+12.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2304

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
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO., INC Service code 18 · EIN 94-1737782	Custodial (securities); Custodial (ot...	$0
USI CONSULTING GROUP1 year Filed as: USI ADVISORS Service code 26 · EIN 06-1397347 95 GLASTONBURY BLVD STE 102 · GLASTONBURY, CT 06033	Advisory (Participants)	$0
USI CONSULTING GROUP1 year Filed as: USI CONSULTING GROUP, INC. Service code 15 · EIN 06-1053228 95 GLASTONBURY BLVD STE 102 · GLASTONBURY, CT 06033	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$225

$1 / participant

Other / not subdivided$225100.0%

% of EOY assets

0.022%

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: SABEY CPA
Auditor EIN: 832111556
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,918

$107,440-74.9%

$105,738-74.5%

$55,725-51.7%

Participation rate

6.3%

55.5%-49.2pp

76.3%-70.0pp

70.9%-64.5pp

Annual return

-6.42%

-0.59%-5.8pp

6.27%-12.7pp

244.93%-251.3pp

Employer contribution / active EE

$1,448-100.0%

$3,268-100.0%

$2,078-100.0%

Participant deferral / active EE

$462

$2,171-78.7%

$4,080-88.7%

$3,356-86.2%

Admin fee / account holder

$283-97.9%

$6,913-99.9%

$115-94.9%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO., INC

Service code 18 · EIN 94-1737782

Custodial (securities); Custodial (ot...

USI CONSULTING GROUP1 year

Filed as: USI ADVISORS

Service code 26 · EIN 06-1397347

95 GLASTONBURY BLVD STE 102 · GLASTONBURY, CT 06033

Advisory (Participants)

USI CONSULTING GROUP1 year

Filed as: USI CONSULTING GROUP, INC.

Service code 15 · EIN 06-1053228

95 GLASTONBURY BLVD STE 102 · GLASTONBURY, CT 06033

Recordkeeping

UNITED STATES SEAFOODS 401(K) RETIREMENT SAVINGS PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED STATES SEAFOODS 401(K) RETIREMENT SAVINGS PLAN & 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