Plan Ledger DOL Form 5500 · updated monthly

Parking & Transportation Management Serices, Inc.401(k)

PARKING & TRANSPORTATION MANAGEMENT SERVICES, INC. 401(K) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

Parking & Transportation Management Serices, Inc. reported $30,169 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $723 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 1.36% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Washington (1,441st of 1,714), and 1,827th of 2,677 in transportation & warehousing. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 373 to 498 since 2022.

Plan summary
Net assets, end of year$3,706,947
Participants with balances154
Active participants498
Employer contributions$359,960
Employee contributions$668,398
Employer contribution per active participant$723
Average account balance$24,071
Benefits paid to participants$694,729
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 154 accts · $360K emplr
2023$2.9M · 159 accts · $346K emplr
2022$1.7M · 109 accts · $281K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,503
Investment management$666
Total administrative$30,169
The Parking & Transportation Management Serices, Inc. 401(k) match · 2024
Employer contribution per active participant$723
Median for plans this size$1,313
2024$723 per active participant
2023$751 per active participant
2022$752 per active participant

Parking & Transportation Management Serices, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$29,503

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$30,169 · 0.92%
2023$25,682 · 1.12%
2022$20,062 · 1.36%
Same employer
Similar plansTransportation & Warehousing · Washington
Cub Crafters Inc WA$7.2M · 0.84%
Propack Logistics US, LLC WA$4.2M · 1.33%
Bcs Operations LLC WA$3.4M · 0.36%
Innersea Discoveries, LLC WA$3.1M · 0.42%
Cheema Freightlines, LLC WA$2.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263686990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.