Plan Ledger DOL Form 5500 · updated monthly

Penrith Home Loans LLC401(k)

PENRITH HOME LOANS LLC 401(K) SAVINGS PLAN · SEATTLE, WA · plan year 2022

Reported admin expense ratio · 2022
0.29%

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

Penrith Home Loans LLC reported $40,087 in plan administrative expenses for 2022: 0.29% of average plan assets, above the peer median. Employer contributions averaged $5,770 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 0.29% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Washington (959th of 1,714), and 3,753rd of 4,798 in finance & insurance. In 2022, employees put in $1.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,263,253
Participants with balances124
Active participants77
Employer contributions$444,271
Employee contributions$692,632
Employer contribution per active participant$5,770
Average account balance$98,897
Benefits paid to participants$1,600,396
Plan auditUnmodified (clean) audit opinion
AuditorCLARK, RAYMOND & COMPANY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$1K · 5 accts · $45K emplr
2023$11.8M · 103 accts · $221K emplr
2022$12.3M · 124 accts · $444K emplr
Administrative expenses, itemized · 2022
Investment management$12,713
Professional / advisory$1,099
Total administrative$40,087
The Penrith Home Loans LLC 401(k) match · 2022
Employer contribution per active participant$5,770
Median for plans this size$2,266
2023$4,254 per active participant
2022$5,770 per active participant

Penrith Home Loans LLC's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$7,983 · 0.14%
2023$33,253 · 0.28%
2022$40,087 · 0.29%
Similar plansFinance & Insurance · Washington
O Bee Credit Union WA$13.9M · 0.07%
Trexie Management, LLC WA$11.3M · 0.05%
Savi Financial Corporation WA$10.0M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470933090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.