Plan Ledger DOL Form 5500 · updated monthly

Lutheran Retirement Home of Greater Seattle403(b)

THE HEARTHSTONE RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Lutheran Retirement Home of Greater Seattle reported $26,103 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,692 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 0.54% to 0.27%. 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 (1,060th of 1,714), and the 5,627th of 11,911 in health care & social assistance. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,247,310
Participants with balances271
Active participants195
Employer contributions$329,959
Employee contributions$614,695
Employer contribution per active participant$1,692
Average account balance$37,813
Benefits paid to participants$942,868
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.2M · 271 accts · $330K emplr
2023$9.2M · 251 accts · $302K emplr
2022$7.6M · 230 accts · $256K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,168
Trustee / custodial$2,935
Total administrative$26,103
Employer contributions to the Lutheran Retirement Home of Greater Seattle plan · 2024
Employer contribution per active participant$1,692
Median for plans this size$1,313
2024$1,692 per active participant
2023$1,551 per active participant
2022$1,416 per active participant

Lutheran Retirement Home of Greater Seattle's 2024 employer contribution ran above the $1,313 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 · 20243
NWPS · Recordkeeping · Loan processing$23,168
RBC WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)indirect comp
CHARLES SCHWAB & CO., INC. · Custodial (securities)indirect comp

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 history3
2024$26,103 · 0.27%
2023$40,513 · 0.48%
2022$48,532 · 0.54%
Similar plansHealth Care & Social Assistance · Washington
Children's Therapy Center WA$11.0M · 0.42%
Ideal Option PLLC WA$10.4M · 0.58%
Panorama WA$10.0M · 0.68%
Jewish Family Service WA$9.9M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 910743702 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.