Plan Ledger DOL Form 5500 · updated monthly

Northwest Restaurants, Inc401(k)

RETIREMENT INCOME SECURITY PLAN-NORTHWEST RESTAURANTS, INC · WOODINVILLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Northwest Restaurants, Inc reported $61,814 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $209 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 0.59%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Washington (1,001st of 1,714), and the 502nd of 2,240 in accommodation & food services. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 1,858 to 3,061 since 2022.

Plan summary
Net assets, end of year$11,429,034
Participants with balances314
Active participants3,061
Employer contributions$641,223
Employee contributions$1,166,731
Employer contribution per active participant$209
Average account balance$36,398
Benefits paid to participants$849,736
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 314 accts · $641K emplr
2023$9.4M · 239 accts · $506K emplr
2022$7.1M · 217 accts · $429K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,797
Investment management$2,054
Trustee / custodial$1,963
Total administrative$61,814
The Northwest Restaurants, Inc 401(k) match · 2024
Employer contribution per active participant$209
Median for plans this size$2,416
2024$209 per active participant
2023$202 per active participant
2022$231 per active participant

Northwest Restaurants, Inc'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 · 20243
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$32,085
HEALTHEQUITY RETIREMENT SERVICES, L · Claims processing · Plan administrator$25,712
MATRIX TRUST COMPANY · Custodial (securities) · Loan processing$1,963

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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Administrative cost history3
2024$61,814 · 0.59%
2023$50,102 · 0.61%
2022$46,642 · 0.60%
Same employer
Similar plansAccommodation & Food Services · Washington
Silver Cloud, Inc. WA$14.0M · 0.81%
Emerald City Pizza, LLC WA$12.7M · 0.20%
Mod Super Fast Pizza, LLC WA$12.7M · 3.01%
E3 Co Restaurant Group WA$10.4M · 0.07%
3MR Restaurants, Inc. WA$10.0M · 0.39%
Accord, Inc. WA$9.4M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911696017 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.