Plan Ledger DOL Form 5500 · updated monthly

Hanford Pension and Savings Plans Committee401(k)

HANFORD OPERATIONS AND ENGINEERING INVESTMENT PLAN · RICHLAND, WA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Hanford Pension and Savings Plans Committee reported $769,551 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $7,701 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 3 years on file its reported administrative ratio has held roughly steady near 0.061%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other administrative & support services employers. By assets it is the 24th-largest of 1,714 plans among Washington employers on file, and the 14th of 2,534 in administrative & support services. In 2024, employees put in $1.67 for every $1.00 the employer contributed; active participation has shrunk from 4,306 to 3,817 since 2022.

Plan summary
Net assets, end of year$1,306,207,189
Participants with balances5,512
Active participants3,817
Employer contributions$29,395,906
Employee contributions$49,212,550
Employer contribution per active participant$7,701
Average account balance$236,975
Benefits paid to participants$152,328,630
Plan auditUnmodified (clean) audit opinion
AuditorMILLER KAPLAN ARASE,LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 5,512 accts · $29.4M emplr
2023$1.2B · 5,648 accts · $27.8M emplr
2022$1.1B · 5,693 accts · $25.5M emplr
The Hanford Pension and Savings Plans Committee 401(k) match · 2024
Employer contribution per active participant$7,701
Median for plans this size$5,259
2024$7,701 per active participant
2023$6,505 per active participant
2022$5,914 per active participant

Hanford Pension and Savings Plans Committee's 2024 employer contribution ran above the $5,259 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.

Service providers · 20246
THE VANGUARD GROUP, INC. · Recordkeeping · Trustee (directed)$115,605
VANGUARD ADVISERS INC. · Investment advisory (participants)$402,319
DAVIS WRIGHT TREMAINE · Legal$121,199
VERUS · Consulting$73,836
WILLIS TOWERS WATSON SOUTHEAST, INC · Insurance broker$47,921
MILLER KAPLAN · Accounting / audit$25,023

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$769,551 · 0.06%
2023$684,144 · 0.06%
2022$732,714 · 0.06%
All plans at this employer2
HANFORD OPERATIONS AND ENGINEERING INVESTMENT PLAN401(k)
HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES401(k)
Similar plansAdministrative & Support Services · Washington
Expedia, Inc. WA$2.1B · 0.07%
Cushman & Wakefield MA$1.7B · 0.11%
Plan Professionals, LLC NJ$1.5B · 0.54%
Coadvantage Corporation FL$1.2B · 0.38%
Cc Services, Inc. IL$1.1B · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900501441 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.