Plan Ledger DOL Form 5500 · updated monthly

Computer 5, Inc., dba Localtel Communications401(k)

LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN · EAST WENATCHEE, WA · plan year 2023

Reported admin expense ratio · 2023
1.00%

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

Computer 5, Inc., dba Localtel Communications reported $68,200 in plan administrative expenses for 2023: 1.00% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,269 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 0.90% to 1.00%. 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 (1,202nd of 1,714), and 3,158th of 5,215 in retail trade. In 2023, employees put in $1.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,533,473
Participants with balances151
Active participants141
Employer contributions$319,918
Employee contributions$512,897
Employer contribution per active participant$2,269
Average account balance$49,891
Benefits paid to participants$570,255
Plan auditUnmodified (clean) audit opinion
AuditorCORDELL, NEHER & COMPANY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $254K emplr
2023$7.5M · 151 accts · $320K emplr
2022$6.2M · 153 accts · $313K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$68,200
Total administrative$68,200
The Computer 5, Inc., dba Localtel Communications 401(k) match · 2023
Employer contribution per active participant$2,269
Median for plans this size$1,308
2023$2,269 per active participant
2022$2,059 per active participant

Computer 5, Inc., dba Localtel Communications's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024Not separately reported
2023$68,200 · 1.00%
2022$60,266 · 0.90%
Similar plansRetail Trade · Washington
Wyze Labs, Inc WA$7.6M · 0.52%
Thrift Books Global, LLC WA$7.6M · 1.18%
Edge Construction Supply WA$7.2M · 0.51%
Vancouver Ford, Inc. WA$7.2M · 0.03%
Sound Ford, Inc WA$7.0M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911211461 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.