Plan Ledger DOL Form 5500 · updated monthly

Marchex, Inc.401(k)

MARCHEX, INC. 401(K) PLAN · SEATTLE, WA · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Marchex, Inc. reported $65,547 in plan administrative expenses for 2023: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,101 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 0.41% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 766th-largest of 1,714 plans among Washington employers on file, and 6,071st of 11,654 in professional & technical services. In 2023, employees put in $7.03 for every $1.00 the employer contributed; active participation has shrunk from 177 to 154 since 2022.

Plan summary
Net assets, end of year$17,266,280
Participants with balances260
Active participants154
Employer contributions$169,550
Employee contributions$1,191,750
Employer contribution per active participant$1,101
Average account balance$66,409
Benefits paid to participants$1,495,577
Plan auditUnmodified (clean) audit opinion
AuditorGREENWOOD OHLUND
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 248 accts · $165K emplr
2023$17.3M · 260 accts · $170K emplr
2022$14.5M · 263 accts · $162K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$27,038
Investment management$31,758
Total administrative$65,547
The Marchex, Inc. 401(k) match · 2023
Employer contribution per active participant$1,101
Median for plans this size$2,440
2024$1,146 per active participant
2023$1,101 per active participant
2022$915 per active participant

Marchex, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NWPS · Recordkeeping · Pension consulting$27,038
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants) · Investment advisory (plan)$31,758
CHARLES SCHWAB BANK · Custodial · Custodial (securities)$6,751

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

Recordkeeper by year2
2024ADP, Morgan Stanley
2023NWPS

This plan has changed recordkeepers within these filings. If you left Marchex, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$55,665 · 0.33%
2023$65,547 · 0.41%
2022$66,698 · 0.41%
Same employer
Similar plansProfessional & Technical Services · Washington
Landau Associates, Inc. WA$18.5M · 0.46%
Masterworks, Incorporated WA$18.2M · 0.25%
Acumatica, Inc WA$18.1M · 0.05%
Absci Corporation WA$17.2M · 0.37%
Aditi Staffing, LLC WA$16.7M · 1.47%
Concentric Group, Inc. WA$16.5M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352194038 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.