Kings Seafood Company, LLC 401(k) Review & Grade
Kings Seafood Company, LLC 401(k) Profit Sharing Plan
Costa Mesa, CAAccommodation & Food Services1,530 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$162Employer $ per active participant
$1,841Employee $ saved per active participant
0.94%Direct admin cost, % of plan assets
$22.2MNet plan assets, end of year
$16,830Average balance per account
Score breakdown
- Employer generosity17.7 / 5035th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 7th |
| Employee saving | 83th |
| Peers that auto-enroll | 17% |
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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
- Kings Seafood Company put in about $162 per active participant, below the typical peer ($266). 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 (0.94% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $247,898 |
| Participant (employee) contributions | $2,816,095 |
| Other contributions (incl. rollovers in) | $38,935 |
| Administrative expenses paid from the plan | $192,130 |
| Investment advisory & management fees | $192,130 |
| Benefits paid out | $2,092,955 |
| Net assets, start / end of year | $18.5M / $22.2M |
| Active participants, start / end of year | 1,569 / 1,490 |
| Participants with account balances | 1,320 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Walters & Sklyar LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $137,377 reported compensation |
| Economic Group Pension Services Inc | $68,198 reported compensation |
| Empower Advisory Group, LLC | $37,691 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013145743NAL0003370258001, received 2025-10-13, EIN 20-4627825, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.