Plan Ledger DOL Form 5500 · updated monthly

Northwest Employees Retirement PlnMoney purchase plan

NORTHWEST EMPLOYEES RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
1.10%

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

Northwest Employees Retirement Pln reported $131,662 in plan administrative expenses for 2024: 1.10% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,405 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 1.17% to 1.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Washington (961st of 1,714), and 7,969th of 13,661 in manufacturing. active participation has shrunk from 541 to 443 since 2022.

Plan summary
Net assets, end of year$12,202,392
Participants with balances763
Active participants443
Employer contributions$1,508,331
Employee contributions—
Employer contribution per active participant$3,405
Average account balance$15,993
Benefits paid to participants$2,251,842
Plan auditUnmodified (clean) audit opinion
AuditorANASTASI, MOORE & MARTIN, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$12.2M · 763 accts · $1.5M emplr
2023$11.8M · 812 accts · $1.6M emplr
2022$9.8M · 835 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,170
Investment management$40,712
Audit (IQPA)$11,189
Trustee / custodial$5,350
Total administrative$131,662
Employer contributions to the Northwest Employees Retirement Pln plan · 2024
Employer contribution per active participant$3,405
Median for plans this size$2,416
2024$3,405 per active participant
2023$3,014 per active participant
2022$3,125 per active participant

Northwest Employees Retirement Pln'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 · 20244
WELFARE AND PENSION ADMIN SERVICES · Plan administrator · Accounting / audit$57,166
BANK OF AMERICA, N.A. · Investment management$46,062
MARSH & MCLENNAN AGENCY · Legal$11,204
PLATFORM CPAS, LLP · Accounting / audit$10,189

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$131,662 · 1.10%
2023$114,782 · 1.06%
2022$121,576 · 1.17%
Similar plansManufacturing · Washington
Crh Medical Corporation WA$12.8M · 0.34%
Outdoor Research, LLC WA$12.8M · 0.35%
Skills Inc. WA$12.7M · 0.74%
Ice Floe LLC WA$12.2M · 0.57%
Sedron Technologies WA$12.1M · 0.24%
Braun Northwest, Inc. WA$12.1M · 0.40%
Precept Brands, LLC WA$12.0M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 916028574 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.