Plan Ledger DOL Form 5500 · updated monthly

Lee & Hayes, P.C.401(k)

LEE & HAYES 401(K) PLAN · SPOKANE, WA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Lee & Hayes, P.C. reported $87,636 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $7,355 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 0.28% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 558th-largest of 1,714 plans among Washington employers on file, and the 4,371st of 11,654 in professional & technical services. In 2024, employees put in $1.85 for every $1.00 the employer contributed; active participation has shrunk from 147 to 132 since 2022.

Plan summary
Net assets, end of year$28,144,213
Participants with balances181
Active participants132
Employer contributions$970,842
Employee contributions$1,791,804
Employer contribution per active participant$7,355
Average account balance$155,493
Benefits paid to participants$1,438,200
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.1M · 181 accts · $971K emplr
2023$23.0M · 187 accts · $924K emplr
2022$17.1M · 180 accts · $922K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,272
Investment management$52,364
Total administrative$87,636
The Lee & Hayes, P.C. 401(k) match · 2024
Employer contribution per active participant$7,355
Median for plans this size$2,416
2024$7,355 per active participant
2023$6,077 per active participant
2022$6,273 per active participant

Lee & Hayes, P.C.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20245
RICHARDS MERRILL & PETERSON · Investment advisory (plan)$52,364
EMPOWER$20,235
COLDSTREAM WEALTH MANAGEMENT · Investment advisory (participants)$18,227
RANDALL & HURLEY · Contract administrator$3,159
CHARLES SCHWAB · Securities brokerage$209

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$87,636 · 0.34%
2023$84,464 · 0.42%
2022$50,871 · 0.28%
Same employer
Similar plansProfessional & Technical Services · Washington
Omniva LLC WA$28.7M · 0.22%
Maul Foster & Alongi, Inc. WA$28.4M · 0.01%
Sweeney Conrad, P.S. WA$28.3M · 0.10%
Harris Group Inc. WA$28.3M · 0.22%
Ahbl, Inc. WA$26.6M · 0.15%
Amperity, Inc. WA$26.4M · 0.08%
Rec Room Inc. WA$25.4M · 0.10%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 831253059 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.