Plan Ledger DOL Form 5500 · updated monthly

Griffin Underwriting Services401(k)

GRIFFIN UNDERWRITING SERVICES PROGRESS SHARING AND SALARY SAVINGS TRUST · BELLEVUE, WA · plan year 2022

Reported admin expense ratio · 2022
0.39%

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

Griffin Underwriting Services reported $42,190 in plan administrative expenses for 2022: 0.39% of average plan assets, above the peer median. Employer contributions averaged $379,378 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Washington (1,078th of 1,714), and 3,990th of 4,798 in finance & insurance. In 2022, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,950,571
Participants with balances157
Active participants1
Employer contributions$379,378
Employee contributions$780,979
Employer contribution per active participant$379,378
Average account balance$63,379
Benefits paid to participants$1,041,669
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $7K emplr
2022$10.0M · 157 accts · $379K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$6,047
Investment management$36,143
Total administrative$42,190
The Griffin Underwriting Services 401(k) match · 2022
Employer contribution per active participant$379,378
Median for plans this size$2,266

Griffin Underwriting Services's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$42,190 · 0.39%
Same employer
Similar plansFinance & Insurance · Washington
Trexie Management, LLC WA$11.3M · 0.05%
Savi Financial Corporation WA$10.0M · 0.18%
Bittrex Inc. WA$7.9M · 0.03%
Savibank WA$7.2M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910679660 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.