Plan Ledger DOL Form 5500 · updated monthly

Altius Institute for Biomedical Sciences403(b)

ALTIUS INSTITUTE FOR BIOMEDICAL SCIENCES 403(B) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Altius Institute for Biomedical Sciences reported $9,551 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,452 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 has held roughly steady near 0.057%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 722nd-largest of 1,714 plans among Washington employers on file, and the 5,773rd of 11,654 in professional & technical services. In 2024, employees put in $1.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,789,305
Participants with balances141
Active participants93
Employer contributions$972,012
Employee contributions$1,096,202
Employer contribution per active participant$10,452
Average account balance$133,257
Benefits paid to participants$463,928
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$18.8M · 141 accts · $972K emplr
2023$14.5M · 148 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,551
Total administrative$9,551
Employer contributions to the Altius Institute for Biomedical Sciences plan · 2024
Employer contribution per active participant$10,452
Median for plans this size$2,416
2024$10,452 per active participant
2023$9,870 per active participant

Altius Institute for Biomedical Sciences's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20241
NWPS · Recordkeeping · Consulting$9,551

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

Recordkeeper by year2
2024NWPS
2023NWPS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$9,551 · 0.06%
2023$7,477 · 0.06%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 472231080 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.