# Silver Bay Seafoods, L.L.C. 401(k) Plan
Source: https://planprovider.pro/companies/silver-bay-seafoods-401k-plan

> Silver Bay Seafoods, L.L.C.'s 401(k) plan: 958 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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