Pure Fishing, Inc 401(k) Review & Grade
Pure Fishing, Inc Retirement Plan
Columbia, SCAgriculture, Forestry, Fishing & Hunting1,170 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,764Employer $ per active participant
$4,481Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$89.0MNet plan assets, end of year
$64,710Average balance per account
Score breakdown
- Employer generosity34.6 / 5069th percentile for employer $ per participant
- Low cost14.9 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score68 / 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 | 69th |
| Lower admin cost | 59th |
| Employee saving | 78th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,574 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pure Fishing put in about $1,764 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.
- 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 | $2,063,571 |
| Participant (employee) contributions | $5,240,158 |
| Other contributions (incl. rollovers in) | $1,744,480 |
| Administrative expenses paid from the plan | $143,135 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $70,000 |
| Benefits paid out | $9,986,681 |
| Net assets, start / end of year | $79.5M / $89.0M |
| Active participants, start / end of year | 1,153 / 1,186 |
| Participants with account balances | 1,376 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Elliott Davis, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $73,135 reported compensation |
| Creative Planning LLC | $70,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251123210703NAL0001282545001, received 2025-11-23, EIN 42-0784220, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.