Greenwich Village Fish Co., Inc. 401(k) Review & Grade
Greenwich Village Fish Co., Inc. 401(k) / Profit Sharing Plan
New York, NYRetail Trade770 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$324Employer $ per active participant
$1,633Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$24.3MNet plan assets, end of year
$58,502Average balance per account
Score breakdown
- Employer generosity12.6 / 5025th percentile for employer $ per participant
- Low cost5.1 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 20th |
| Employee saving | 27th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $58,456 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Greenwich Village Fish Co. put in about $324 per active participant, below the typical peer ($743). 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.
- Direct plan expenses (0.55% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $249,360 |
| Participant (employee) contributions | $1,257,048 |
| Other contributions (incl. rollovers in) | $84,620 |
| Administrative expenses paid from the plan | $126,466 |
| Other admin expenses | $34,288 |
| Benefits paid out | $2,483,046 |
| Net assets, start / end of year | $21.8M / $24.3M |
| Active participants, start / end of year | 767 / 773 |
| Participants with account balances | 416 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Shapiro, Goldstein, Moses, & Ar |
Largest service providers (Schedule C)
| Empower Life & Annuity Insurance Co | $92,178 reported compensation |
| Flagstar Advisors Inc | $34,288 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905143508NAL0036185842001, received 2025-09-05, EIN 13-3038780, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.