Plan Ledger DOL Form 5500 · updated monthly

Olympia Federal Savings and Loan Association401(k)

OLYMPIA FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) PLAN AND TRUST · OLYMPIA, WA · plan year 2023

Reported admin expense ratio · 2023
0.05%

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

Olympia Federal Savings and Loan Association reported $13,365 in plan administrative expenses for 2023: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,909 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 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 582nd-largest of 1,714 plans among Washington employers on file, and 2,635th of 4,798 in finance & insurance. In 2023, the employer put in $1.53 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$26,045,468
Participants with balances163
Active participants114
Employer contributions$1,015,569
Employee contributions$662,237
Employer contribution per active participant$8,909
Average account balance$159,788
Benefits paid to participants$2,596,843
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.7M · 165 accts · $659K emplr
2023$26.0M · 163 accts · $1.0M emplr
2022$22.7M · 170 accts · $1.0M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$13,365
Total administrative$13,365
The Olympia Federal Savings and Loan Association 401(k) match · 2023
Employer contribution per active participant$8,909
Median for plans this size$2,440
2024$5,831 per active participant
2023$8,909 per active participant
2022$8,709 per active participant

Olympia Federal Savings and Loan Association's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
NWPS · Recordkeeping · Loan processing$13,409

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

Recordkeeper by year2
2024NWPS
2023NWPS

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

Administrative cost history3
2024$19,854 · 0.08%
2023$13,365 · 0.05%
2022$20,267 · 0.09%
Same employer
Similar plansFinance & Insurance · Washington
Cashmere Valley Bank WA$30.6M · 0.34%
Moneytree, Inc. WA$30.0M · 0.43%
Hapo Community Credit Union WA$29.7M · 0.55%
Riverview Bancorp, Inc. WA$27.2M · 0.37%
Bank of the Pacific WA$25.4M · 0.39%
Seattle Bank WA$21.1M · 0.35%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 910346300 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.