Cooke Seafoods USA 401(k) Review & Grade
Cooke Seafoods USA 401(k) Plan
Suffolk, VAManufacturing912 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,421Employer $ per active participant
$2,798Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$64.4MNet plan assets, end of year
$82,297Average balance per account
Score breakdown
- Employer generosity14.2 / 5028th percentile for employer $ per participant
- Low cost9.4 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 37th |
| Employee saving | 20th |
| Peers that auto-enroll | 59% |
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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
- Cooke Seafoods USA put in about $1,421 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,295,321 |
| Participant (employee) contributions | $2,550,459 |
| Other contributions (incl. rollovers in) | $696,395 |
| Administrative expenses paid from the plan | $185,989 |
| Investment advisory & management fees | $77,223 |
| Other admin expenses | $10 |
| Benefits paid out | $6,487,113 |
| Net assets, start / end of year | $49.3M / $64.4M |
| Active participants, start / end of year | 940 / 883 |
| Participants with account balances | 782 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averrett |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $108,756 reported compensation |
| Gallagher Benefit Services Inc DBA | $45,341 reported compensation |
| Empower Advisory Group, LLC | $31,882 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250827122943NAL0009377169001, received 2025-08-27, EIN 98-0456975, plan #101, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.