Plan Ledger DOL Form 5500 · updated monthly

Paratransit Services403(b)

PARATRANSIT SERVICES 403(B) PLAN · BREMERTON, WA · plan year 2024

Employer contribution per participant · 2024
$305

Paratransit Services's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $4,226,999 across 261 participant accounts, with employer contributions averaging $305 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Washington (1,407th of 1,714), and 2,436th of 3,341 in other services. In 2024, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,226,999
Participants with balances261
Active participants248
Employer contributions$75,544
Employee contributions$103,148
Employer contribution per active participant$305
Average account balance$16,195
Benefits paid to participants$175,245
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 261 accts · $76K emplr
2023$3.7M · 261 accts · $73K emplr
2022$3.4M · 239 accts · $71K emplr
Employer contributions to the Paratransit Services plan · 2024
Employer contribution per active participant$305
Median for plans this size$1,313
2024$305 per active participant
2023$296 per active participant
2022$307 per active participant

Paratransit Services's 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
Similar plansOther Services · Washington
Rla Engineering, LLC WA$4.5M · 1.30%
Tri-Cities Chaplaincy WA$4.2M · 1.08%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 911253112 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.