Plan Ledger DOL Form 5500 · updated monthly

Hargis Engineers, Inc.401(k)

HARGIS ENGINEERS 401(K) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Hargis Engineers, Inc. reported $64,168 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $3,781 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 fell from 0.22% to 0.16%. 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 402nd-largest of 1,714 plans among Washington employers on file, and the 3,112th of 11,654 in professional & technical services. In 2024, employees put in $3.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,196,266
Participants with balances214
Active participants165
Employer contributions$623,800
Employee contributions$1,953,958
Employer contribution per active participant$3,781
Average account balance$201,852
Benefits paid to participants$1,114,722
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.2M · 214 accts · $624K emplr
2023$36.4M · 214 accts · $592K emplr
2022$32.5M · 220 accts · $586K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,001
Investment management$62,167
Total administrative$64,168
The Hargis Engineers, Inc. 401(k) match · 2024
Employer contribution per active participant$3,781
Median for plans this size$2,416
2024$3,781 per active participant
2023$3,609 per active participant
2022$3,427 per active participant

Hargis Engineers, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
DUNCAN & HALEY LTD · Investment advisory (plan)$40,000
CASCADE 401K CONSULTANTS · Contract administrator$935

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$64,168 · 0.16%
2023$64,141 · 0.19%
2022$75,530 · 0.22%
Same employer
Similar plansProfessional & Technical Services · Washington
Ispot.Tv, Inc. WA$45.2M · 0.29%
Sana Biotechnology, Inc. WA$43.3M · 0.02%
Rover Group, Inc. WA$40.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911539289 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.