Plan Ledger DOL Form 5500 · updated monthly

Kitsap Mental Health Services403(b)

KITSAP MENTAL HEALTH SERVICES 403(B) RETIREMENT PLAN · BREMERTON, 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

Kitsap Mental Health Services reported $103,221 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,022 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 0.514%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 656th-largest of 1,714 plans among Washington employers on file, and the 3,498th of 11,911 in health care & social assistance. In 2024, employees put in $1.19 for every $1.00 the employer contributed; active participation has grown from 515 to 602 since 2022.

Plan summary
Net assets, end of year$21,488,508
Participants with balances688
Active participants602
Employer contributions$1,217,052
Employee contributions$1,453,802
Employer contribution per active participant$2,022
Average account balance$31,233
Benefits paid to participants$2,051,256
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 688 accts · $1.2M emplr
2023$18.7M · 529 accts · $872K emplr
2022$15.8M · 445 accts · $724K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,221
Total administrative$103,221
Employer contributions to the Kitsap Mental Health Services plan · 2024
Employer contribution per active participant$2,022
Median for plans this size$2,416
2024$2,022 per active participant
2023$1,495 per active participant
2022$1,405 per active participant

Kitsap Mental Health Services'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$91,821
CASCADE 401(K) CONSULTANTS, LLC · Contract administrator · Other services$11,147
LINCOLN NATIONAL CORPORATION · Contract administrator$275
LPL FINANCIAL LLC - RPCP · Investment advisory (plan)indirect comp

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$103,221 · 0.51%
2023$85,420 · 0.50%
2022$86,099 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Comprehensive Healthcare WA$25.6M · 0.28%
Foss Home and Village WA$20.9M · 0.15%
Sound Family Medicine WA$20.7M · 0.23%
Navos WA$20.4M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911020106 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.