Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Office & Professional Employees Ret Plan401(k)

OFFICE & PROFESSIONAL EMPLOYEES RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
1.35%

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

Board of Trustees Office & Professional Employees Ret Plan reported $441,074 in plan administrative expenses for 2024: 1.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $859 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 3 years on file its reported administrative ratio has held roughly steady near 1.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 473rd-largest of 1,714 plans among Washington employers on file, and the 413th of 2,534 in administrative & support services. In 2024, the employer put in $1.95 for every $1.00 employees contributed themselves; active participation has grown from 2,049 to 2,658 since 2022.

Plan summary
Net assets, end of year$34,484,820
Participants with balances2,732
Active participants2,658
Employer contributions$2,284,407
Employee contributions$1,170,792
Employer contribution per active participant$859
Average account balance$12,623
Benefits paid to participants$3,853,962
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.5M · 2,732 accts · $2.3M emplr
2023$30.8M · 2,646 accts · $2.2M emplr
2022$25.7M · 2,532 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$352,225
Investment management$18,300
Audit (IQPA)$44,349
Total administrative$441,074
The Board of Trustees Office & Professional Employees Ret Plan 401(k) match · 2024
Employer contribution per active participant$859
Median for plans this size$2,416
2024$859 per active participant
2023$991 per active participant
2022$1,029 per active participant

Board of Trustees Office & Professional Employees Ret Plan'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 · 20246
MILLIMAN, INC. · Recordkeeping$155,196
BENEFIT ADMINISTRATION COMPANY, LLC · Contract administrator · Recordkeeping$151,495
CLIFTONLARSONALLEN LLP · Accounting / audit$62,650
BARLOW COUGHRAN MORALES & JOSEPHSON · Legal$12,600
BAC CAPITAL ADVISORS LLC · Investment advisory (participants) · Investment advisory (plan)$9,600
MATRIX TRUST COMPANY · Custodial (securities)$8,700

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

Recordkeeper by year2
2024BENEFIT ADMINISTRATION COMPANY, LLC, Milliman
2023BENEFIT ADMINISTRATION COMPANY, LLC, Milliman

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

Administrative cost history3
2024$441,074 · 1.35%
2023$448,058 · 1.59%
2022$383,586 · 1.39%
Similar plansAdministrative & Support Services · Washington
Lindblad Expeditions, Inc WA$48.7M · 0.36%
Nuwest Group Holdings, LLC WA$25.1M · 0.44%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 911337614 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.