American Seafoods Group, LLC. 401(k) Review & Grade
American Seafoods Group 401(k) Plan
Seattle, WAAgriculture, Forestry, Fishing & Hunting1,013 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,034Employer $ per active participant
$4,540Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$54.5MNet plan assets, end of year
$100,535Average balance per account
Score breakdown
- Employer generosity35.9 / 5072th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 42th |
| Employee saving | 79th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- American Seafoods Group put in about $2,034 per active participant, more than the typical peer ($774). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,060,867 |
| Participant (employee) contributions | $4,599,265 |
| Other contributions (incl. rollovers in) | $730,115 |
| Administrative expenses paid from the plan | $143,606 |
| Other admin expenses | $143,606 |
| Benefits paid out | $4,239,410 |
| Net assets, start / end of year | $45.4M / $54.5M |
| Active participants, start / end of year | 1,037 / 989 |
| Participants with account balances | 542 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lee CPA Audit Group |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $42,493 reported compensation |
| Assured Partners | $35,838 reported compensation |
| Hunnex and Shoemaker, Inc. | $33,423 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250716104301NAL0004719664003, received 2025-07-16, EIN 22-3702647, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.