Plan Ledger DOL Form 5500 · updated monthly

Baffetto, Inc.401(k)

BAFFETTO, INC. 401(K) PLAN AND TRUST · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Baffetto, Inc. reported $32,869 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $1,223 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 0.27% to 0.14%. 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 575th-largest of 1,714 plans among Washington employers on file, and the 1,132nd of 5,215 in retail trade. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 629 to 768 since 2022.

Plan summary
Net assets, end of year$26,930,676
Participants with balances642
Active participants768
Employer contributions$939,176
Employee contributions$1,879,757
Employer contribution per active participant$1,223
Average account balance$41,948
Benefits paid to participants$798,964
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.9M · 642 accts · $939K emplr
2023$21.6M · 576 accts · $826K emplr
2022$16.7M · 520 accts · $791K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,084
Investment management$18,785
Total administrative$32,869
The Baffetto, Inc. 401(k) match · 2024
Employer contribution per active participant$1,223
Median for plans this size$2,416
2024$1,223 per active participant
2023$1,146 per active participant
2022$1,258 per active participant

Baffetto, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
USI CONSULTING GROUP · Recordkeeping · Loan processing$14,084
USI ADVISORS, INC. · Investment advisory (participants) · Investment advisory (plan)$18,784
CHARLES SCHWAB & CO., INC. · Custodial · Custodial (securities)indirect comp
CHARLES SCHWAB TRUST BANK · Custodial · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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Administrative cost history3
2024$32,869 · 0.14%
2023$32,600 · 0.17%
2022$46,643 · 0.27%
Same employer
Similar plansRetail Trade · Washington
Haselwood Auto Group WA$31.4M · 0.66%
Wilson Oil, Inc. WA$30.4M · 0.43%
Dunn Lumber Co., Inc. WA$29.9M · 0.51%
Hi-School Pharmacy, Inc. WA$26.1M · 0.67%
Albert Lee, Inc. WA$26.0M · 0.24%
Car Toys, Inc. WA$25.6M · 0.75%
Blue Nile, Inc. WA$23.2M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 912046997 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.