Plan Snapshot
- Plan Sponsor: King & Prince Seafood Corporation
- Sponsor EIN: 580630562
- Sponsor Address: 1 KING AND PRINCE BLVD., BRUNSWICK, GA, 31520
- Plan Type: 401(k)
- Total Participants: 460
- Total Assets: $42.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 460 | $42.2M | $1.2M | $2.6M |
| 2023 | 416 | $36.8M | $1.1M | $2.3M |
| 2022 | 425 | $32.3M | $1.1M | $2.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| NEW EDGE ADVISORS, LLC | Investment Advisor | $81,118 | — | $81,118 |
| RETIREMENT PLAN ADMINISTRATORS, LLC | Other Service Provider | $21,697 | $8,500 | $30,197 |
| ASCENSUS INC | Other Service Provider | $6,450 | $14,172 | $20,622 |
| ASCENSUS HOLDING INC. | Other Service Provider | $20,442 | — | $20,442 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $152,379
- Estimated Expense Ratio: 0.361% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,896 | — | $1,896 | — | — |
| 2023 | $13,691 | — | $13,691 | — | — |
| 2022 | $14,031 | — | $14,025 | — | — |