Plan Ledger DOL Form 5500 · updated monthly

Northwest Hardwoods, Inc.401(k)

NORTHWEST HARDWOODS, INC. 401(K) PLAN · TACOMA, WA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Northwest Hardwoods, Inc. reported $195,696 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $2,238 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 0.221%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 193rd-largest of 1,714 plans among Washington employers on file, and the 2,011th of 13,661 in manufacturing. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has shrunk from 1,169 to 1,020 since 2022.

Plan summary
Net assets, end of year$92,222,742
Participants with balances1,357
Active participants1,020
Employer contributions$2,282,329
Employee contributions$4,341,792
Employer contribution per active participant$2,238
Average account balance$67,961
Benefits paid to participants$11,290,519
Plan auditUnmodified (clean) audit opinion
AuditorMOSS ADAMS
Plan history3
Yearassets · accounts · employer contribution
2024$92.2M · 1,357 accts · $2.3M emplr
2023$84.8M · 1,650 accts · $2.5M emplr
2022$75.0M · 1,495 accts · $2.5M emplr
The Northwest Hardwoods, Inc. 401(k) match · 2024
Employer contribution per active participant$2,238
Median for plans this size$3,635
2024$2,238 per active participant
2023$2,155 per active participant
2022$2,136 per active participant

Northwest Hardwoods, Inc.'s 2024 employer contribution ran below the $3,635 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
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$140,817
VANGUARD ADVISERS INC. · Investment advisory (participants)$54,879

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$195,696 · 0.22%
2023$206,427 · 0.26%
2022$179,869 · 0.22%
Same employer
Similar plansManufacturing · Washington
Columbia Machine, Inc. WA$104.2M · 0.21%
Brooks Sports, Inc. WA$95.6M · 0.12%
Tree Top, Inc. WA$82.5M · 0.11%
Janicki Industries, Inc. WA$82.2M · 0.23%
Agc Biologics, Inc. WA$81.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452065401 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.