Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Seiu 775 Secure Retirement TrustProfit-sharing plan

SEIU 775 SECURE RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
1.00%

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

Board of Trustees, Seiu 775 Secure Retirement Trust reported $4,422,645 in plan administrative expenses for 2024: 1.00% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,060 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 1.65% to 1.00%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 58th-largest of 1,714 plans among Washington employers on file, and the 312th of 4,798 in finance & insurance. active participation has grown from 70,796 to 80,027 since 2022.

Plan summary
Net assets, end of year$497,382,949
Participants with balances86,803
Active participants80,027
Employer contributions$84,812,324
Employee contributions—
Employer contribution per active participant$1,060
Average account balance$5,730
Benefits paid to participants$24,777,295
Plan auditUnmodified (clean) audit opinion
AuditorMILLER KAPLAN ARASE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$497.4M · 86,803 accts · $84.8M emplr
2023$383.2M · 81,846 accts · $70.2M emplr
2022$283.3M · 80,385 accts · $59.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,590,304
Investment management$39,500
Audit (IQPA)$27,364
Total administrative$4,422,645
Employer contributions to the Board of Trustees, Seiu 775 Secure Retirement Trust plan · 2024
Employer contribution per active participant$1,060
Median for plans this size$4,294
2024$1,060 per active participant
2023$964 per active participant
2022$840 per active participant

Board of Trustees, Seiu 775 Secure Retirement Trust's 2024 employer contribution ran below the $4,294 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 · 202412
MILLIMAN SOLUTIONS LLC · Contract administrator$2,759,310
SEIU 775 BENEFITS GROUP · Plan administrator$1,171,400
PROPEL INSURANCE · Insurance broker · Insurance services$131,348
MILLER KAPLAN ARASE LLP · Accounting / audit$49,651
CLARK NUBER PS · Accounting / audit$45,687
QUALTRICS, LLC · Other services$44,253
RBC WEALTH MANAGEMENT · Investment advisory (plan) · Investment management$39,500
BARLOW & COUGHRAN, P.S. · Legal$36,300
SEIU HEALTHCARE 775NW · Participant communication · Other services$30,045
INTERPRO TRANSLATION SOLUTIONS · Participant communication$28,807
ABRACADABRA PRINTING INC$28,743
TREMENDOUS, INC. · Other services$20,000

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$4,422,645 · 1.00%
2023$4,608,396 · 1.38%
2022$4,081,448 · 1.65%
Similar plansFinance & Insurance · Washington
Premera WA$668.4M · 0.07%
Symetra Life Insurance Company WA$663.1M · 0.05%
Russell Investments Group, LLC WA$625.0M · 0.00%
Ironworkers District Council of the Paci Field Ironworkers Annuity Tru WA$589.1M · 0.43%
Boeing Employees Credit Union WA$379.5M · 0.02%
Pemco Mutual Insurance Company WA$260.4M · 0.03%
Banner Corporation WA$258.6M · 0.11%
Board of Trustees, Local 191 I.B.E.W. Money Purchase WA$237.4M · 0.47%

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 474321390 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.