Plan Ledger DOL Form 5500 · updated monthly

Ideal Option PLLC401(k)

IDEAL OPTION PLLC 401(K) PLAN · KENNEWICK, WA · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Ideal Option PLLC reported $55,770 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $257 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 0.99% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Washington (1,049th of 1,714), and the 5,569th of 11,911 in health care & social assistance. In 2024, employees put in $8.74 for every $1.00 the employer contributed; active participation has grown from 623 to 707 since 2022.

Plan summary
Net assets, end of year$10,449,392
Participants with balances365
Active participants707
Employer contributions$181,549
Employee contributions$1,586,986
Employer contribution per active participant$257
Average account balance$28,628
Benefits paid to participants$1,405,076
Plan auditUnmodified (clean) audit opinion
AuditorANASTASI MOORE MARTIN
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 365 accts · $182K emplr
2023$8.9M · 359 accts · $179K emplr
2022$6.9M · 336 accts · $157K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,770
Total administrative$55,770
The Ideal Option PLLC 401(k) match · 2024
Employer contribution per active participant$257
Median for plans this size$1,313
2024$257 per active participant
2023$273 per active participant
2022$251 per active participant

Ideal Option PLLC's 2024 employer contribution ran below the $1,313 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 · 20243
NATIONWIDE · Recordkeeping · Loan processing$30,348
LPL FINANCIAL LLC - RPCP · Pension consulting · Insurance broker$49,915
CASCADE CONSULTANTS, LLC · Contract administrator$4,930

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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

Administrative cost history3
2024$55,770 · 0.58%
2023$85,842 · 1.09%
2022$68,048 · 0.99%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Vera Whole Health Inc WA$11.1M · 0.55%
Children's Therapy Center WA$11.0M · 0.42%
Panorama WA$10.0M · 0.68%
Jewish Family Service WA$9.9M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455513274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.