Plan Snapshot
- Plan Sponsor: Obi Seafoods, LLC
- Sponsor EIN: 841944330
- Sponsor Address: 4019 21ST AVE, SEATTLE, WA, 98199
- Plan Type: 401(k)
- Total Participants: 303
- Total Assets: $26.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 303 | $26.6M | $724,644 | $1.7M |
| 2023 | 582 | $27.5M | $861,762 | $1.9M |
| 2022 | 535 | $23.7M | $796,880 | $1.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $38,677 | — | $38,677 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $32,566 | — | $32,566 |
| GALLAGHER BENEFIT SERVICES INC DBA | INVESTMENT ADVISOR | $20,243 | — | $20,243 |
| CLARK NUBER PS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,486
- Estimated Expense Ratio: 0.344% 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 | $91,486 | $52,809 | — | — | — |
| 2023 | $86,902 | $52,356 | — | — | — |
| 2022 | $94,439 | $53,306 | $41,133 | — | — |