Plan Ledger DOL Form 5500 · updated monthly

Downtown Seattle Association401(k)

DOWNTOWN SEATTLE ASSOCIATION 401(K) RETIREMENT PLAN · SEATTLE, WA · plan year 2023

Reported admin expense ratio · 2023
0.47%

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

Downtown Seattle Association reported $24,619 in plan administrative expenses for 2023: 0.47% of average plan assets, below the peer median. Employer contributions averaged $1,888 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 0.31% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Washington (1,292nd of 1,714), and 2,174th of 3,341 in other services. In 2023, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 113 to 128 since 2022.

Plan summary
Net assets, end of year$5,863,525
Participants with balances126
Active participants128
Employer contributions$241,605
Employee contributions$489,698
Employer contribution per active participant$1,888
Average account balance$46,536
Benefits paid to participants$253,940
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 95 accts · $249K emplr
2023$5.9M · 126 accts · $242K emplr
2022$4.6M · 123 accts · $204K emplr
Administrative expenses, itemized · 2023
Investment management$24,619
Total administrative$24,619
The Downtown Seattle Association 401(k) match · 2023
Employer contribution per active participant$1,888
Median for plans this size$1,308
2024$1,585 per active participant
2023$1,888 per active participant
2022$1,809 per active participant

Downtown Seattle Association's 2023 employer contribution ran above 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 · 20234
MERRILL LYNCH · Investment management$15,957
HUNNEX & SHOEMAKER$2,300
FORUSALL ADVISORS · Investment advisory (plan)$1,889

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$19,934 · 0.35%
2023$24,619 · 0.47%
2022$13,706 · 0.31%
Same employer
Similar plansOther Services · Washington
Food Lifeline WA$6.8M · 0.01%
L&M Services, Inc. WA$6.1M · 1.10%
Puget Collision, LLC WA$5.8M · 0.16%
Epic WA$5.7M · 0.07%
El Centro de la Raza WA$5.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910681761 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.