Plan Ledger DOL Form 5500 · updated monthly

Noo-Kayet Development Corporation401(k)

NOO-KAYET DEVELOPMENT CORPORATION 401(K) PLAN · KINGSTON, WA · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Noo-Kayet Development Corporation reported $41,650 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $1,797 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 0.60% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Washington (1,272nd of 1,714), and 856th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.37 for every $1.00 the employer contributed; active participation has grown from 263 to 319 since 2022.

Plan summary
Net assets, end of year$6,283,288
Participants with balances333
Active participants319
Employer contributions$573,180
Employee contributions$786,226
Employer contribution per active participant$1,797
Average account balance$18,869
Benefits paid to participants$1,910,847
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 333 accts · $573K emplr
2023$6.1M · 262 accts · $478K emplr
2022$4.7M · 221 accts · $389K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,510
Investment management$22,140
Total administrative$41,650
The Noo-Kayet Development Corporation 401(k) match · 2024
Employer contribution per active participant$1,797
Median for plans this size$1,313
2024$1,797 per active participant
2023$1,752 per active participant
2022$1,479 per active participant

Noo-Kayet Development Corporation'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 · 20242
SPECTRUM PENSION CONSULTANTS · Claims processing · Contract administrator$19,510
ASSUREDPARTNERS INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$22,140

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

Recordkeeper by year2
2024SPECTRUM PENSION CONSULTANTS
2023SPECTRUM PENSION CONSULTANTS

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Administrative cost history3
2024$41,650 · 0.67%
2023$33,396 · 0.62%
2022$29,731 · 0.60%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 452950258 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.