Plan Ledger DOL Form 5500 · updated monthly

Business Interiors Northwest Inc401(k)

BUSINESS INTERIORS NORTHWEST, INC. PROFIT SHARING & SAVINGS PLAN · BELLEVUE, WA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Business Interiors Northwest Inc reported $29,867 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,160 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 0.19% to 0.23%. 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 among the smaller plans on file in Washington (927th of 1,714), and the 2,159th of 5,215 in retail trade. In 2024, employees put in $7.28 for every $1.00 the employer contributed; active participation has shrunk from 127 to 104 since 2022.

Plan summary
Net assets, end of year$12,864,563
Participants with balances132
Active participants104
Employer contributions$120,609
Employee contributions$878,367
Employer contribution per active participant$1,160
Average account balance$97,459
Benefits paid to participants$2,270,065
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 132 accts · $121K emplr
2023$12.9M · 155 accts · $172K emplr
2022$12.1M · 172 accts · $939K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,867
Total administrative$29,867
The Business Interiors Northwest Inc 401(k) match · 2024
Employer contribution per active participant$1,160
Median for plans this size$2,416
2024$1,160 per active participant
2023$1,622 per active participant
2022$7,392 per active participant

Business Interiors Northwest 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 · 20241

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$29,867 · 0.23%
2023$25,474 · 0.20%
2022$25,420 · 0.19%
Same employer
Similar plansRetail Trade · Washington
Carter Motors, Inc. WA$13.1M · 0.78%
Metropolitan Market, LLC WA$13.0M · 0.40%
The Myers Group, LLC WA$12.9M · 0.49%
The Markets, LLC WA$12.8M · 0.58%
Shaub-Ellison Company WA$12.7M · 0.44%
Subaru of Puyallup, Inc. WA$12.5M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911184721 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.