Plan Ledger DOL Form 5500 · updated monthly

Asko Processing, Inc.401(k)

ASKO PROCESSING, INC. EMPLOYEES' RETIREMENT PLAN AND TRUST · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Asko Processing, Inc. reported $37,702 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.49% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Washington (1,151st of 1,714), and 9,467th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$8,456,052
Participants with balances111
Active participants171
Employer contributions$0
Employee contributions$412,858
Employer contribution per active participant$0
Average account balance$76,181
Benefits paid to participants$1,299,043
Plan auditUnmodified (clean) audit opinion
AuditorPAULSEN, MEGAARD & CO., PS
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 111 accts
2023$8.4M · 128 accts
2022$7.8M · 132 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,110
Investment management$18,592
Total administrative$37,702
The Asko Processing, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Asko Processing, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20242
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$19,110
MORGAN STANLEY · Investment advisory (plan)$18,592

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$37,702 · 0.45%
2023$34,064 · 0.42%
2022$50,353 · 0.49%
Same employer
Similar plansManufacturing · Washington
Controltek, Inc. WA$9.1M · 0.85%
Cdr Manufacturing, LLC WA$9.0M · 0.63%
National Products, Inc. WA$8.6M · 0.90%
E&E Foods, Inc. WA$8.2M · 0.61%
Kotis Design, LLC WA$8.0M · 0.28%
Paxton Hardwoods LLC WA$7.9M · 0.13%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 910823269 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.