Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Western Regions Neca 401(K) Plan401(k)

WESTERN REGIONS NECA 401(K) PLAN · SPOKANE, WA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Board of Trustees, Western Regions Neca 401(K) Plan reported $180,649 in plan administrative expenses for 2024: 0.35% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,938 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 rose from 0.32% to 0.35%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 312th-largest of 1,714 plans among Washington employers on file, and the 972nd of 5,337 in construction. In 2024, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$55,417,515
Participants with balances556
Active participants435
Employer contributions$2,147,973
Employee contributions$2,750,424
Employer contribution per active participant$4,938
Average account balance$99,672
Benefits paid to participants$5,967,719
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$55.4M · 556 accts · $2.1M emplr
2023$48.8M · 549 accts · $1.7M emplr
2022$37.0M · 509 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$133,974
Total administrative$180,649
The Board of Trustees, Western Regions Neca 401(K) Plan 401(k) match · 2024
Employer contribution per active participant$4,938
Median for plans this size$3,635
2024$4,938 per active participant
2023$3,883 per active participant
2022$3,990 per active participant

Board of Trustees, Western Regions Neca 401(K) Plan's 2024 employer contribution ran above the $3,635 median for plans its size. 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 · 202410
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$23,728
NATIONAL BENEFIT SERVICES, LLC · Recordkeeping · Loan processing$12,403
PINNACLE FINANCIAL SERVICES, INC. · Recordkeeping · Loan processing$2,200
FOCUS INVESTMENT ADVISORS, INC · Investment advisory (plan)$133,973
NEYART ANDERSON FLYNN & GROSBOLL · Legal$16,520
MILLER KAPLAN ARASE LLP · Accounting / audit$9,300
MARSH & MCLENNAN AGENCY LLC$4,752
NU-WEST INSURANCE SERVICES$3,780
NECA - INLAND EMPIRE CHAPTER$1,356
WESTERN REGIONS NECA$800

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$180,649 · 0.35%
2023$142,337 · 0.33%
2022$128,006 · 0.32%
Similar plansConstruction · Washington
Ats Automation, Inc. WA$63.9M · 0.06%
Graham Group (US) Inc. WA$58.3M · 0.35%
W.G. Clark Construction Co. WA$56.6M · 0.25%
Lydig Construction, Inc. WA$54.2M · 0.25%
Tapani, Inc. WA$47.6M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330670046 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.