Plan Ledger DOL Form 5500 · updated monthly

Car Wash Enterprises, Inc.401(k)

BROWN BEAR CAR WASH 401(K) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Car Wash Enterprises, Inc. reported $25,473 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $515 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 0.44% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Washington (951st of 1,714), and the 1,455th of 3,341 in other services. In 2024, employees put in $2.15 for every $1.00 the employer contributed; active participation has grown from 174 to 647 since 2022.

Plan summary
Net assets, end of year$12,492,994
Participants with balances130
Active participants647
Employer contributions$333,143
Employee contributions$716,162
Employer contribution per active participant$515
Average account balance$96,100
Benefits paid to participants$450,198
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 130 accts · $333K emplr
2023$10.8M · 124 accts · $317K emplr
2022$8.8M · 123 accts · $296K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,473
Investment management$5,000
Total administrative$25,473
The Car Wash Enterprises, Inc. 401(k) match · 2024
Employer contribution per active participant$515
Median for plans this size$2,416
2024$515 per active participant
2023$1,379 per active participant
2022$1,704 per active participant

Car Wash Enterprises, 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$16,182

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$25,473 · 0.22%
2023$46,273 · 0.47%
2022$40,155 · 0.44%
Same employer
Similar plansOther Services · Washington
Hopelink WA$15.0M · 0.68%
Seiu Healthcare 1199NW WA$14.0M · 0.13%
Neighborhood House, Inc. WA$13.0M · 0.13%
Grab Technology LLC WA$12.7M · 0.29%
Orion Industries, Inc. WA$11.8M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910666066 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.