Plan Ledger DOL Form 5500 · updated monthly

Homestreet, Inc.401(k) + ESOP (KSOP)

HOMESTREET, INC 401(K) SAVINGS PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Homestreet, Inc. reported $196,738 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $4,062 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 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 112th-largest of 1,714 plans among Washington employers on file, and the 631st of 4,798 in finance & insurance. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has shrunk from 942 to 790 since 2022.

Plan summary
Net assets, end of year$178,788,608
Participants with balances1,976
Active participants790
Employer contributions$3,208,587
Employee contributions$7,069,171
Employer contribution per active participant$4,062
Average account balance$90,480
Benefits paid to participants$19,798,528
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$178.8M · 1,976 accts · $3.2M emplr
2023$165.8M · 2,138 accts · $3.5M emplr
2022$150.9M · 2,212 accts · $3.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$195,168
Investment management$1,098
Total administrative$196,738
The Homestreet, Inc. 401(k) match · 2024
Employer contribution per active participant$4,062
Median for plans this size$3,635
2024$4,062 per active participant
2023$3,916 per active participant
2022$4,145 per active participant

Homestreet, Inc.'s 2024 employer contribution ran above the $3,635 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
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$172,529
PACIFIC PORTFOLIO CONSULTING LLC · Investment management$40,000
CROWE LLP · Accounting / audit$35,750

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$196,738 · 0.11%
2023$307,216 · 0.19%
2022$194,860 · 0.12%
Same employer
Similar plansFinance & Insurance · Washington
Banner Corporation WA$258.6M · 0.11%
Washington Federal Bank WA$225.2M · 0.18%
Washington Trust Bank WA$208.8M · 0.01%
Delta Dental of Washington WA$100.2M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910186600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.