Plan Ledger DOL Form 5500 · updated monthly

Northwest Center401(k)

NORTHWEST CENTER 401(K) PLAN · RENTON, WA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Northwest Center reported $84,589 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $420 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 3 years on file its reported administrative ratio has held roughly steady near 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 794th-largest of 1,714 plans among Washington employers on file, and the 4,218th of 11,911 in health care & social assistance. In 2024, employees put in $4.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,457,428
Participants with balances470
Active participants980
Employer contributions$411,854
Employee contributions$1,661,507
Employer contribution per active participant$420
Average account balance$35,016
Benefits paid to participants$1,636,615
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 470 accts · $412K emplr
2023$13.9M · 431 accts · $374K emplr
2022$10.8M · 412 accts · $318K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,248
Investment management$13,341
Total administrative$84,589
The Northwest Center 401(k) match · 2024
Employer contribution per active participant$420
Median for plans this size$2,416
2024$420 per active participant
2023$370 per active participant
2022$322 per active participant

Northwest Center's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$71,247
HIGHLAND CAPITAL ADVISORS, LLC · Investment advisory (plan)$13,332

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$84,589 · 0.56%
2023$68,415 · 0.55%
2022$66,130 · 0.55%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Horizon House WA$17.2M · 0.35%
United Way of King County WA$16.4M · 0.18%
Cowlitz Indian Tribe WA$15.9M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910786790 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.