Plan Ledger DOL Form 5500 · updated monthly

Central Co-Op401(k)

CENTRAL CO-OP 401(K) PLAN AND TRUST · SEATTLE, WA · plan year 2023

Reported admin expense ratio · 2023
1.93%

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

Central Co-Op reported $28,391 in plan administrative expenses for 2023: 1.93% of average plan assets, higher than ~90% of peers. Employer contributions averaged $885 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 1 year on file its reported administrative ratio rose from 1.73% to 1.93%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Washington (1,607th of 1,714), and 4,808th of 5,215 in retail trade. In 2023, employees put in $1.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,515,396
Participants with balances74
Active participants62
Employer contributions$54,842
Employee contributions$62,357
Employer contribution per active participant$885
Average account balance$20,478
Benefits paid to participants$242,092
Plan auditUnmodified (clean) audit opinion
AuditorWEGNER CPAS
Plan history2
Yearassets · accounts · employer contribution
2023$1.5M · 74 accts · $55K emplr
2022$1.4M · 104 accts · $60K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,964
Investment management$3,098
Trustee / custodial$21,329
Total administrative$28,391
The Central Co-Op 401(k) match · 2023
Employer contribution per active participant$885
Median for plans this size$1,308
2023$885 per active participant
2022$1,052 per active participant

Central Co-Op's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$25,293
ALERUS INVESTMENT ADVISORS, INC. · Investment advisory (participants) · Investment advisory (plan)$3,098

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

Administrative cost history2
2023$28,391 · 1.93%
2022$30,096 · 1.73%
Similar plansRetail Trade · Washington
Top Pot Doughnuts WA$1.9M · 0.63%
Chinook Lumber, Inc. WA$1.7M · 0.98%
The Woods Coffee Inc WA$1.7M · 0.87%
Cascade Chrysler Inc. WA$1.3M · 0.47%
Glassybaby, LLC WA$1.2M · 1.63%
Ptce, Inc. WA$1.1M · 0.05%
Jeson Enterprises Inc WA$939K · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911042942 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.