Plan Ledger DOL Form 5500 · updated monthly

Healthcare Management Administrators, Inc.401(k)

HEALTHCARE MANAGEMENT ADMINISTRATORS, INC. RETIREMENT PLAN · BELLEVUE, WA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Healthcare Management Administrators, Inc. reported $77,361 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,879 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 0.35% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 627th-largest of 1,714 plans among Washington employers on file, and 2,830th of 4,798 in finance & insurance. In 2024, employees put in $2.55 for every $1.00 the employer contributed; active participation has grown from 227 to 274 since 2022.

Plan summary
Net assets, end of year$22,981,028
Participants with balances313
Active participants274
Employer contributions$788,846
Employee contributions$2,012,497
Employer contribution per active participant$2,879
Average account balance$73,422
Benefits paid to participants$1,624,639
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.0M · 313 accts · $789K emplr
2023$18.3M · 287 accts · $667K emplr
2022$13.4M · 280 accts · $566K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,178
Investment management$30,183
Total administrative$77,361
The Healthcare Management Administrators, Inc. 401(k) match · 2024
Employer contribution per active participant$2,879
Median for plans this size$2,416
2024$2,879 per active participant
2023$2,565 per active participant
2022$2,493 per active participant

Healthcare Management Administrators, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,177
SCS · Investment advisory (plan)$30,177

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$77,361 · 0.38%
2023$57,186 · 0.36%
2022$50,278 · 0.35%
Same employer
Similar plansFinance & Insurance · Washington
Hapo Community Credit Union WA$29.7M · 0.55%
Riverview Bancorp, Inc. WA$27.2M · 0.37%
Bank of the Pacific WA$25.4M · 0.39%
Seattle Bank WA$21.1M · 0.35%
First Fed Bank WA$20.6M · 0.49%
Axia Holdings, Inc. WA$20.3M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 911333840 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.