Plan Ledger DOL Form 5500 · updated monthly

Food Lifeline403(b)

FOOD LIFELINE 403(B) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Food Lifeline reported $770 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,140 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 0.00% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Washington (1,244th of 1,714), and 2,050th of 3,341 in other services. In 2024, employees put in $2.63 for every $1.00 the employer contributed; active participation has grown from 108 to 159 since 2022.

Plan summary
Net assets, end of year$6,797,371
Participants with balances162
Active participants159
Employer contributions$181,334
Employee contributions$476,814
Employer contribution per active participant$1,140
Average account balance$41,959
Benefits paid to participants$410,620
Plan auditUnmodified (clean) audit opinion
AuditorGREENWOOD OHLUND
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 162 accts · $181K emplr
2023$5.6M · 188 accts · $168K emplr
2022$4.3M · 175 accts · $256K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$683
Audit (IQPA)$87
Total administrative$770
Employer contributions to the Food Lifeline plan · 2024
Employer contribution per active participant$1,140
Median for plans this size$1,313
2024$1,140 per active participant
2023$945 per active participant
2022$2,371 per active participant

Food Lifeline's 2024 employer contribution ran below 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.

Administrative cost history3
2024$770 · 0.01%
2023$1,282 · 0.03%
2022$50 · 0.00%
Same employer
Similar plansOther Services · Washington
Seattle Tennis Club WA$10.6M · 0.10%
L&M Services, Inc. WA$6.1M · 1.10%
Puget Collision, LLC WA$5.8M · 0.16%
Epic WA$5.7M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911090450 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.