Plan Ledger DOL Form 5500 · updated monthly

North West Handling Systems, Inc.401(k)

NORTH WEST HANDLING SYSTEMS, INC 401(K) RETIREMENT PLAN · RENTON, WA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

North West Handling Systems, Inc. reported $106,565 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,615 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 0.35% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 359th-largest of 1,714 plans among Washington employers on file, and the 671st of 5,215 in retail trade. In 2024, employees put in $2.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$48,063,363
Participants with balances382
Active participants448
Employer contributions$723,487
Employee contributions$2,054,455
Employer contribution per active participant$1,615
Average account balance$125,820
Benefits paid to participants$4,056,402
Plan auditUnmodified (clean) audit opinion
AuditorSHANNON & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$48.1M · 382 accts · $723K emplr
2023$42.3M · 355 accts · $669K emplr
2022$34.5M · 323 accts · $260K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,381
Audit (IQPA)$4,184
Total administrative$106,565
The North West Handling Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$1,615
Median for plans this size$2,416
2024$1,615 per active participant
2023$1,460 per active participant
2022$600 per active participant

North West Handling Systems, 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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$102,381

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$106,565 · 0.24%
2023$115,576 · 0.30%
2022$111,097 · 0.35%
Same employer
Similar plansRetail Trade · Washington
Zumiez Inc WA$64.9M · 0.29%
Bowflex Inc. WA$60.6M · 0.15%
Urm Stores, Inc. WA$58.3M · 0.13%
Funko, LLC WA$44.9M · 0.13%
Hannah Motor Co., Inc. WA$44.1M · 0.24%
Titus-Will WA$37.1M · 0.86%
Uwajimaya, Inc. WA$36.4M · 0.21%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 910869801 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.