Plan Ledger DOL Form 5500 · updated monthly

Magnusson Klemencic Associates Inc.401(k)

MAGNUSSON KLEMENCIC ASSOCIATES, INC. PROFIT SHARING PLAN & TRUST WITH 401(K) · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Magnusson Klemencic Associates Inc. reported $101,523 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $13,966 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 0.145% to 0.136%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 227th-largest of 1,714 plans among Washington employers on file, and the 1,883rd of 11,654 in professional & technical services. In 2024, the employer put in $1.29 for every $1.00 employees contributed themselves; active participation has shrunk from 196 to 147 since 2022.

Plan summary
Net assets, end of year$77,312,659
Participants with balances254
Active participants147
Employer contributions$2,053,000
Employee contributions$1,591,923
Employer contribution per active participant$13,966
Average account balance$304,381
Benefits paid to participants$8,284,643
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$77.3M · 254 accts · $2.1M emplr
2023$71.8M · 273 accts · $1.3M emplr
2022$61.1M · 268 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$101,523
Total administrative$101,523
The Magnusson Klemencic Associates Inc. 401(k) match · 2024
Employer contribution per active participant$13,966
Median for plans this size$3,635
2024$13,966 per active participant
2023$8,483 per active participant
2022$12,296 per active participant

Magnusson Klemencic Associates Inc.'s 2024 employer contribution ran above the $3,635 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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$101,516

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$101,523 · 0.14%
2023$97,640 · 0.15%
2022$96,434 · 0.14%
Same employer
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Keller Rohrback LLP WA$86.5M · 0.12%
Apptio, Inc. WA$80.4M · 0.24%
Delve Holdings, Inc. WA$79.4M · 0.11%
Clark Nuber P.S. WA$76.3M · 0.00%
Ogden Murphy Wallace, PLLC WA$73.8M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910861758 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.