Plan Ledger DOL Form 5500 · updated monthly

Farallon Consulting, LLC401(k)

FARALLON CONSULTING, LLC 401(K) PLAN · BELLEVUE, WA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Farallon Consulting, LLC reported $64,778 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $4,833 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 0.33% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 715th-largest of 1,714 plans among Washington employers on file, and the 5,731st of 11,654 in professional & technical services. In 2024, employees put in $2.63 for every $1.00 the employer contributed; active participation has shrunk from 111 to 92 since 2022.

Plan summary
Net assets, end of year$19,049,969
Participants with balances138
Active participants92
Employer contributions$444,621
Employee contributions$1,168,011
Employer contribution per active participant$4,833
Average account balance$138,043
Benefits paid to participants$2,112,957
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.0M · 138 accts · $445K emplr
2023$17.1M · 145 accts · $513K emplr
2022$16.3M · 152 accts · $448K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,931
Investment management$40,847
Total administrative$64,778
The Farallon Consulting, LLC 401(k) match · 2024
Employer contribution per active participant$4,833
Median for plans this size$2,416
2024$4,833 per active participant
2023$5,182 per active participant
2022$4,036 per active participant

Farallon Consulting, LLC's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$23,930
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$21,541
TRUTINA FINANCIAL · Investment advisory (plan)$19,302

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$64,778 · 0.36%
2023$56,425 · 0.34%
2022$56,106 · 0.33%
Same employer
Similar plansProfessional & Technical Services · Washington
Kymeta Corporation WA$19.8M · 0.21%
Perteet, Inc. WA$19.4M · 0.01%
Tango Card Inc WA$19.2M · 0.04%
Aspect Consulting, LLC WA$19.1M · 0.31%
Glp Attorneys, P.S., Inc. WA$19.0M · 0.08%
Office Ally, Inc. WA$18.7M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911942607 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.