Plan Ledger DOL Form 5500 · updated monthly

Brightspark Early Learning Services401(k)

BRIGHTSPARK EARLY LEARNING SERVICES 401(K) PLAN · RENTON, WA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Brightspark Early Learning Services reported $19,543 in plan administrative expenses for 2024: 0.30% of average plan assets, below the peer median. Employer contributions averaged $1,540 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 0.37% to 0.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Washington (1,233rd of 1,714), and 6,866th of 11,911 in health care & social assistance. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,009,094
Participants with balances141
Active participants139
Employer contributions$214,005
Employee contributions$458,570
Employer contribution per active participant$1,540
Average account balance$49,710
Benefits paid to participants$422,168
Plan auditUnmodified (clean) audit opinion
AuditorJACOBSON JARVIS CO PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 141 accts · $214K emplr
2023$6.0M · $214K emplr
2022$4.9M · 153 accts · $210K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,667
Investment management$16,876
Total administrative$19,543
The Brightspark Early Learning Services 401(k) match · 2024
Employer contribution per active participant$1,540
Median for plans this size$1,313
2024$1,540 per active participant
2023$1,648 per active participant
2022$1,545 per active participant

Brightspark Early Learning Services's 2024 employer contribution ran above the $1,313 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 · 20242
MML INVESTOR SERVICES LLC · Investment advisory (plan)$16,876
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,417

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$19,543 · 0.30%
2023$39,147 · 0.72%
2022$20,320 · 0.37%
Same employer
Similar plansHealth Care & Social Assistance · Washington
People for People WA$7.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911465046 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.