Plan Ledger DOL Form 5500 · updated monthly

Path401(k)

PATH PROFIT SHARING 401(K) INCENTIVE PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Path reported $181,664 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $16,519 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 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other other services employers. By assets it is the 74th-largest of 1,714 plans among Washington employers on file, and the 47th of 3,341 in other services. In 2024, the employer put in $1.06 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$300,771,394
Participants with balances1,075
Active participants532
Employer contributions$8,788,309
Employee contributions$8,329,705
Employer contribution per active participant$16,519
Average account balance$279,787
Benefits paid to participants$30,146,275
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$300.8M · 1,075 accts · $8.8M emplr
2023$273.0M · 1,103 accts · $8.6M emplr
2022$227.7M · 1,109 accts · $8.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,692
Investment management$23,419
Audit (IQPA)$29,175
Total administrative$181,664
The Path 401(k) match · 2024
Employer contribution per active participant$16,519
Median for plans this size$4,294
2024$16,519 per active participant
2023$14,762 per active participant
2022$15,014 per active participant

Path's 2024 employer contribution ran above the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
T ROWE PRICE RPS INC · Recordkeeping · Trustee$55,392
SELLWOOD CONSULTING LLC · Consulting · Investment advisory (plan)$92,904
CLARK NUBER PS · Accounting / audit$25,500
DELOITTE TAX LLP · Accounting / audit · Consulting$5,673

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$181,664 · 0.06%
2023$177,940 · 0.07%
2022$165,422 · 0.07%
Same employer
Similar plansOther Services · Washington
Ultra Electronics Inc. MA$305.1M · 0.12%
Hbg, Inc. PA$301.8M
National Futures Association IL$300.9M · 0.00%
Schoeneckers, Inc. MN$299.7M · 0.06%
Ford Foundation NY$298.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911157127 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.