Plan Ledger DOL Form 5500 · updated monthly

Albert Lee, Inc.401(k)

ALBERT LEE, INC. 401(K) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Albert Lee, Inc. reported $61,117 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,904 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 rose from 0.23% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 583rd-largest of 1,714 plans among Washington employers on file, and the 1,170th of 5,215 in retail trade. In 2024, employees put in $1.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,033,350
Participants with balances122
Active participants173
Employer contributions$675,356
Employee contributions$1,285,509
Employer contribution per active participant$3,904
Average account balance$213,388
Benefits paid to participants$3,998,801
Plan auditUnmodified (clean) audit opinion
AuditorREKDAL HOPKINS HOWARD, PS
Plan history3
Yearassets · accounts · employer contribution
2024$26.0M · 122 accts · $675K emplr
2023$24.2M · 123 accts · $676K emplr
2022$20.3M · 122 accts · $670K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,117
Total administrative$61,117
The Albert Lee, Inc. 401(k) match · 2024
Employer contribution per active participant$3,904
Median for plans this size$2,416
2024$3,904 per active participant
2023$3,882 per active participant
2022$3,743 per active participant

Albert Lee, Inc.'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.

Administrative cost history3
2024$61,117 · 0.24%
2023$53,819 · 0.24%
2022$49,340 · 0.23%
Same employer
Similar plansRetail Trade · Washington
Dunn Lumber Co., Inc. WA$29.9M · 0.51%
Baffetto, Inc. WA$26.9M · 0.14%
Hi-School Pharmacy, Inc. WA$26.1M · 0.67%
Car Toys, Inc. WA$25.6M · 0.75%
Blue Nile, Inc. WA$23.2M · 0.28%
University Book Store Inc WA$21.7M · 0.19%
K2 Sports LLC WA$21.1M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910930205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.