Plan Ledger DOL Form 5500 · updated monthly

Holman Distribution Center of Washington Inc401(k)

HOLMAN DISTRIBUTION CENTERS 401(K) PROFIT SHARING PLAN · FEDERAL WAY, WA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Holman Distribution Center of Washington Inc reported $159,358 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,794 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 0.40% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 487th-largest of 1,714 plans among Washington employers on file, and the 517th of 2,677 in transportation & warehousing. In 2024, employees put in $1.18 for every $1.00 the employer contributed; active participation has grown from 952 to 1,096 since 2022.

Plan summary
Net assets, end of year$33,312,088
Participants with balances1,186
Active participants1,096
Employer contributions$1,966,700
Employee contributions$2,315,178
Employer contribution per active participant$1,794
Average account balance$28,088
Benefits paid to participants$3,266,871
Plan auditUnmodified (clean) audit opinion
AuditorSHANNON & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$33.3M · 1,186 accts · $2.0M emplr
2023$28.8M · 1,104 accts · $1.7M emplr
2022$24.7M · 883 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,890
Investment management$44,468
Total administrative$159,358
The Holman Distribution Center of Washington Inc 401(k) match · 2024
Employer contribution per active participant$1,794
Median for plans this size$2,416
2024$1,794 per active participant
2023$1,682 per active participant
2022$1,503 per active participant

Holman Distribution Center of Washington Inc's 2024 employer contribution ran below 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$114,890
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$23,012
TRUTINA FINANCIAL · Investment advisory (plan)$21,433

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$159,358 · 0.51%
2023$124,494 · 0.47%
2022$92,913 · 0.40%
Same employer
Similar plansTransportation & Warehousing · Washington
Peninsula Truck Lines, Inc. WA$46.9M · 0.34%
Western Towboat Company WA$44.1M · 0.19%
Convoy, Inc. WA$34.8M · 0.24%
Transgroup Express, LLC WA$28.3M · 0.53%
Flexe, Inc. WA$23.9M · 0.14%
Highline Grain Growers, Inc WA$22.6M · 0.22%
Honolulu Freight Service WA$22.3M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911065515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.