Plan Ledger DOL Form 5500 · updated monthly

Navia Benefit Solutions, Inc.401(k)

NAVIA BENEFIT SOLUTIONS 401(K) PLAN · RENTON, 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

Navia Benefit Solutions, Inc. reported $74,597 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,107 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 rose from 0.25% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 441st-largest of 1,714 plans among Washington employers on file, and the 2,066th of 4,798 in finance & insurance. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 281 to 476 since 2022.

Plan summary
Net assets, end of year$37,472,818
Participants with balances716
Active participants476
Employer contributions$1,002,704
Employee contributions$1,809,331
Employer contribution per active participant$2,107
Average account balance$52,336
Benefits paid to participants$3,404,548
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$37.5M · 716 accts · $1.0M emplr
2023$18.7M · 528 accts · $610K emplr
2022$12.2M · 422 accts · $462K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,338
Investment management$33,259
Audit (IQPA)$4,000
Total administrative$74,597
The Navia Benefit Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$2,107
Median for plans this size$2,416
2024$2,107 per active participant
2023$1,763 per active participant
2022$1,646 per active participant

Navia Benefit Solutions, Inc.'s 2024 employer contribution ran below 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 · 20242
DA DAVIDSO & COindirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$74,597 · 0.27%
2023$31,703 · 0.20%
2022$32,357 · 0.25%
All plans at this employer2
NAVIA BENEFIT SOLUTIONS 401(K) PLAN401(k)
TRI-AD 401(K) PROFIT SHARING PLAN401(k)
Same employer
Similar plansFinance & Insurance · Washington
Gesa Credit Union WA$41.1M · 0.20%
Timberland Bank WA$39.9M · 0.14%
Columbia Credit Union WA$39.9M · 0.09%
Verus Advisory, Inc. WA$37.1M · 0.06%
Kitsap Credit Union WA$32.3M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 911467758 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.