Plan5500

Mowi Usa, LLC 401(K) Plan — Form 5500 plan (Mowi Usa, LLC)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Mowi Usa, LLC 401(K) Plan is a benefit plan reported by Mowi Usa, LLC under EIN 06-1625462 and plan number 001. The latest loaded filing year is 2023. The filing reports 548 participants and $17,967,503 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$18MPlan net assets, end of year$17,967,503
Participants548Covered participants reported
Assets / participant$32.8KComputed: assets ÷ participants$32,787 (computed)
Provider compensation$52.2K4 Schedule C provider row(s)$52,178
Plan sponsor
Mowi Usa, LLC
EIN
06-1625462
Plan number
001
Plan type
2
Location
Belfast, ME
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023548H, C20241011094434NAL0021613649001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$18M total assets
Net assets$18MLiabilities$0
Money in vs. money out
Total income / additions$4.4M
Total expenses$2.6M
Benefits paid / distributions$2.5M
Contributions
Employer$953.7K
Participant$1.1M
Full reported line items

Net assets

Total assets (EOY)
$17,967,503
Total liabilities (EOY)
$0
Net assets (EOY)
$17,967,503
Net assets (BOY)
$16,097,588

Income & contributions

Employer contributions
$953,686
Participant contributions
$1,057,020
Total contributions
$2,075,997
Total income / additions
$4,430,860

Expenses & distributions

Benefits paid
$2,517,213
Administrative expenses
$37,457
Total expenses
$2,560,945
Net increase / (decrease)
$1,869,915
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 47%Participant 53%
Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income57%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Morgan StanleyINVESTMENT AD V$35,819not reported in the loaded dataset2023
Downeast Pension Services, Inc.CONTRACT ADMINISTRATOR$12,420not reported in the loaded dataset2023
Empower Advisory Group LLCINVESTMENT MG T$3,939not reported in the loaded dataset2023
Empower Annuity Insurance CompanyRECORDKEEPER V$0not reported in the loaded dataset2023

Related Form 5500 pages