Plan Ledger DOL Form 5500 · updated monthly

HR Benefits Inc401(k)

401(K) TECH COLLECTIVE PLAN · ISSAQUAH, WA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

HR Benefits Inc reported $222,282 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,064 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 1 year on file its reported administrative ratio fell from 0.35% to 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 203rd-largest of 1,714 plans among Washington employers on file, and the 345th of 2,199 in information & media. In 2024, employees put in $6.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$88,648,827
Participants with balances1,802
Active participants2,360
Employer contributions$2,510,503
Employee contributions$15,298,888
Employer contribution per active participant$1,064
Average account balance$49,195
Benefits paid to participants$10,680,436
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$88.6M · 1,802 accts · $2.5M emplr
2023$71.2M · 1,652 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$222,282
Total administrative$222,282
The HR Benefits Inc 401(k) match · 2024
Employer contribution per active participant$1,064
Median for plans this size$3,635
2024$1,064 per active participant
2023$647 per active participant

HR Benefits Inc's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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
NWPS · Recordkeeping · Loan processing$24,421
HR BENEFITS INC · Contract administrator · Other services$198,141

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

Recordkeeper by year2
2024NWPS
2023NWPS

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

Administrative cost history2
2024$222,282 · 0.28%
2023$213,909 · 0.35%
Similar plansInformation & Media · Washington
Smartsheet Inc. WA$273.8M · 0.12%
Northwest Fiber, LLC WA$174.1M · 0.04%
Seattle Times Company WA$156.6M · 0.09%
Realnetworks, LLC WA$89.2M · 0.09%
Cowles Company WA$76.6M · 0.24%
Edifecs Inc WA$72.2M · 0.12%
T-Mobile Puerto Rico LLC WA$70.8M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813527701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.