Plan Snapshot
- Plan Sponsor: Silver Bay Seafoods, L.L.C.
- Sponsor EIN: 205552025
- Sponsor Address: 4019 21ST AVE WEST STE 300, SEATTLE, WA, 98199
- Plan Type: 401(k)
- Total Participants: 958
- Total Assets: $35.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 958 | $35.3M | $1.5M | $2.9M |
| 2023 | 403 | $9.7M | $728,422 | $1.5M |
| 2022 | 174 | $7.0M | $522,293 | $1.1M |
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 | RECORDKEEPER | $33,177 | — | $33,177 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $5,136 | — | $5,136 |
| CLARK NUBER | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,313
- Estimated Expense Ratio: 0.108% 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 | $38,313 | $5,136 | — | — | — |
| 2023 | $10,888 | $86 | — | — | — |
| 2022 | $12,922 | $2,625 | $10,297 | — | — |