Plan Ledger DOL Form 5500 · updated monthly

Mithun, Inc.401(k)

MITHUN, INC. PROFIT SHARING 401(K) PLAN & TRUST · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Mithun, Inc. reported $81,840 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $2,808 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 0.24% to 0.17%. 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 320th-largest of 1,714 plans among Washington employers on file, and the 2,636th of 11,654 in professional & technical services. In 2024, employees put in $3.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,074,616
Participants with balances310
Active participants205
Employer contributions$575,550
Employee contributions$2,202,145
Employer contribution per active participant$2,808
Average account balance$171,208
Benefits paid to participants$1,952,548
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.1M · 310 accts · $576K emplr
2023$44.9M · 289 accts · $273K emplr
2022$37.9M · 285 accts · $451K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,672
Investment management$37,168
Total administrative$81,840
The Mithun, Inc. 401(k) match · 2024
Employer contribution per active participant$2,808
Median for plans this size$2,416
2024$2,808 per active participant
2023$1,475 per active participant
2022$2,412 per active participant

Mithun, Inc.'s 2024 employer contribution ran above the $2,416 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
NORTHWEST PLAN SERVICES, INC. · Recordkeeping · Loan processing$29,693
RBC WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$37,168
WILMINGTON TRUST CO. · Custodial (securities) · Trustee$14,979

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

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Administrative cost history3
2024$81,840 · 0.17%
2023$75,473 · 0.18%
2022$101,317 · 0.24%
Same employer
Similar plansProfessional & Technical Services · Washington
Unify Consulting LLC WA$55.6M · 0.14%
Gray & Osborne, Inc. WA$53.7M · 0.29%
Northwest Justice Project WA$52.7M · 0.02%
Glosten, Inc. WA$50.7M · 0.08%
MG2 Corporation WA$50.3M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911093821 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.