Plan Snapshot
- Plan Sponsor: Seaman Restaurant Corporation
- Sponsor EIN: 930638393
- Sponsor Address: 2791 19TH STREET SE, SALEM, OR, 97302
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,627
- Total Assets: $10.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 1,627 | $10.3M | $0 | $0 |
| 2024 | 1,389 | $8.3M | $492,550 | $1.0M |
| 2023 | 1,178 | $7.7M | $388,841 | $946,166 |
| 2022 | 1,068 | $6.7M | $466,802 | $928,302 |
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 | Recordkeeper | $65,381 | — | $65,381 |
| REDW LLC | Auditor | $32,500 | — | $32,500 |
| PBS INC | Recordkeeper | $5,210 | — | $5,210 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,091
- Estimated Expense Ratio: 0.998% 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 |
|---|---|---|---|---|---|
| 2025 | $914,801 | — | $117,193 | — | — |
| 2024 | $121,472 | — | $121,472 | — | — |
| 2023 | $134,902 | — | — | — | — |
| 2022 | $80,880 | $80,880 | — | — | — |