Plan Ledger DOL Form 5500 · updated monthly

Northwest Medical Specialties, PLLC401(k)

NORTHWEST MEDICAL SPECIALTIES, PLLC 401(K) PS PLAN AND TRUST · TACOMA, WA · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Northwest Medical Specialties, PLLC reported $229,238 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,959 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 0.79% to 0.66%. 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 436th-largest of 1,714 plans among Washington employers on file, and the 2,318th of 11,911 in health care & social assistance. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,098,081
Participants with balances277
Active participants240
Employer contributions$710,269
Employee contributions$1,264,783
Employer contribution per active participant$2,959
Average account balance$137,538
Benefits paid to participants$1,814,550
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.1M · 277 accts · $710K emplr
2023$30.9M · 262 accts · $630K emplr
2022$23.2M · 281 accts · $560K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,544
Investment management$165,501
Total administrative$229,238
The Northwest Medical Specialties, PLLC 401(k) match · 2024
Employer contribution per active participant$2,959
Median for plans this size$2,416
2024$2,959 per active participant
2023$2,623 per active participant
2022$2,275 per active participant

Northwest Medical Specialties, PLLC'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 · 20243
SPECTRUM PENSION CONSULTANTS, INC. · Contract administrator · Recordkeeping$63,544
SLOY, DAHL, AND HOLST · Investment advisory (participants) · Investment advisory (plan)$137,029
GARDE CAPITAL, INC. · Investment advisory (participants) · Participant communication$28,472

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, INC.
2023SPECTRUM PENSION CONSULTANTS, INC.

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Administrative cost history3
2024$229,238 · 0.66%
2023$189,641 · 0.70%
2022$245,943 · 0.79%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Peacehealth WA$42.9M · 0.06%
Sound WA$41.5M · 0.42%
Pediatrics Northwest, P.S. WA$36.8M · 0.04%
Healthpoint WA$35.7M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911867315 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.