Plan Ledger DOL Form 5500 · updated monthly

Benaroya Research Institute at Virginia Mason403(b)

BENAROYA RESEARCH INSTITUTE AT VIRGINIA MASON 403(B) RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Benaroya Research Institute at Virginia Mason reported $39,688 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,458 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 0.07% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 179th-largest of 1,714 plans among Washington employers on file, and the 1,487th of 11,654 in professional & technical services. In 2024, employees put in $1.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$101,606,194
Participants with balances717
Active participants285
Employer contributions$2,410,462
Employee contributions$2,709,762
Employer contribution per active participant$8,458
Average account balance$141,710
Benefits paid to participants$2,528,875
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$101.6M · 717 accts · $2.4M emplr
2023$88.0M · 717 accts · $2.3M emplr
2022$73.6M · 711 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,625
Investment management$34,760
Total administrative$39,688
Employer contributions to the Benaroya Research Institute at Virginia Mason plan · 2024
Employer contribution per active participant$8,458
Median for plans this size$3,635
2024$8,458 per active participant
2023$8,149 per active participant
2022$7,440 per active participant

Benaroya Research Institute at Virginia Mason's 2024 employer contribution ran above the $3,635 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 · 20242
TIAA · Recordkeeping · Pension consulting$3,625
RBC CAPITAL MARKETS CORP.. · Investment advisory (plan)$34,760

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

Recordkeeper by year2
2024TIAA
2023TIAA

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

Administrative cost history3
2024$39,688 · 0.04%
2023$45,423 · 0.06%
2022$53,189 · 0.07%
Same employer
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Anvil Corporation WA$130.1M · 0.16%
Shannon & Wilson, Inc. WA$127.9M · 0.12%
Anchor Qea, LLC WA$110.0M · 0.21%
Terrapower, LLC WA$96.7M · 0.00%
William H. Gates III WA$92.2M · 0.08%
Geoengineers, Inc. WA$89.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910653422 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.