Plan Ledger DOL Form 5500 · updated monthly

Gates Ventures, LLC401(k)

GATES VENTURES, LLC 401(K) PLAN · KIRKLAND, WA · plan year 2024

Employer contribution per participant · 2024
$22,022

Gates Ventures, LLC's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $44,743,516 across 183 participant accounts, with employer contributions averaging $22,022 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.00% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 394th-largest of 1,714 plans among Washington employers on file, and the 330th of 2,534 in administrative & support services. In 2024, the employer put in $1.16 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$44,743,516
Participants with balances183
Active participants131
Employer contributions$2,884,825
Employee contributions$2,494,825
Employer contribution per active participant$22,022
Average account balance$244,500
Benefits paid to participants$579,913
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$44.7M · 183 accts · $2.9M emplr
2023$32.9M · 186 accts · $2.8M emplr
2022$22.1M · 166 accts · $2.4M emplr
The Gates Ventures, LLC 401(k) match · 2024
Employer contribution per active participant$22,022
Median for plans this size$2,416
2024$22,022 per active participant
2023$20,384 per active participant
2022$16,715 per active participant

Gates Ventures, 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.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$3,995 · 0.01%
2022$1,115 · 0.00%
Similar plansAdministrative & Support Services · Washington
Trueblue, Inc. WA$95.6M · 0.34%
Lindblad Expeditions, Inc WA$48.7M · 0.36%
Nuwest Group Holdings, LLC WA$25.1M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270835677 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.