Plan Ledger DOL Form 5500 · updated monthly

Lifecenter Northwest403(b)

LIFECENTER NORTHWEST 403(B) RETIREMENT PLAN · BELLEVUE, WA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Lifecenter Northwest reported $60,268 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $4,194 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 0.26% to 0.23%. 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 547th-largest of 1,714 plans among Washington employers on file, and the 2,858th of 11,911 in health care & social assistance. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has grown from 210 to 313 since 2022.

Plan summary
Net assets, end of year$28,905,158
Participants with balances434
Active participants313
Employer contributions$1,312,782
Employee contributions$2,174,418
Employer contribution per active participant$4,194
Average account balance$66,602
Benefits paid to participants$854,810
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.9M · 434 accts · $1.3M emplr
2023$22.5M · 379 accts · $1.0M emplr
2022$17.6M · 304 accts · $865K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,828
Investment management$24,440
Total administrative$60,268
Employer contributions to the Lifecenter Northwest plan · 2024
Employer contribution per active participant$4,194
Median for plans this size$2,416
2024$4,194 per active participant
2023$3,797 per active participant
2022$4,117 per active participant

Lifecenter Northwest'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 · 20242
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$35,828
HIGHLAND CAPITAL ADVISORS LLC · Investment advisory (plan)$24,440

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$60,268 · 0.23%
2023$52,177 · 0.26%
2022$47,894 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Prestige Care, Inc. WA$31.3M · 0.63%
Inspire Development Centers WA$31.1M · 0.57%
Skinspirit Essential, LLC WA$28.8M · 0.06%
Unity Care Northwest WA$27.6M · 0.35%
Orthopedics Northwest PLLC WA$27.4M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943253342 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.