Plan Ledger DOL Form 5500 · updated monthly

Absher Holding Company Employee Stock Ownership Plan401(k)

ACC 401(K) PLAN · PUYALLUP, WA · plan year 2024

Reported admin expense ratio · 2024
0.16%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Absher Holding Company Employee Stock Ownership Plan reported $46,334 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $2,546 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.25% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 500th-largest of 1,714 plans among Washington employers on file, and the 1,461st of 5,337 in construction. In 2024, employees put in $3.71 for every $1.00 the employer contributed; active participation has grown from 154 to 191 since 2022.

Plan summary
Net assets, end of year$32,095,323
Participants with balances235
Active participants191
Employer contributions$486,204
Employee contributions$1,805,335
Employer contribution per active participant$2,546
Average account balance$136,576
Benefits paid to participants$1,827,147
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.1M · 235 accts · $486K emplr
2023$27.5M · 209 accts · $976K emplr
2022$23.4M · 198 accts · $435K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,896
Investment management$32,438
Total administrative$46,334
The Absher Holding Company Employee Stock Ownership Plan 401(k) match · 2024
Employer contribution per active participant$2,546
Median for plans this size$2,416
2024$2,546 per active participant
2023$5,915 per active participant
2022$2,827 per active participant

Absher Holding Company Employee Stock Ownership Plan's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$32,432
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$13,896

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$46,334 · 0.16%
2023$39,163 · 0.15%
2022$65,477 · 0.25%
All plans at this employer2
ACC 401(K) PLAN401(k)
ABSHER CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Fisher Companies, Inc. WA$35.6M · 0.28%
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Abbott Construction LLC WA$33.2M · 0.36%
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Source: U.S. Department of Labor, Form 5500 series, EIN 910688333 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.