Plan Ledger DOL Form 5500 · updated monthly

Physicians Insurance a Mutual Company401(k)

PHYSICIANS INSURANCE 401(K) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Physicians Insurance a Mutual Company reported $23,850 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,218 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 rose from 0.05% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 498th-largest of 1,714 plans among Washington employers on file, and the 2,314th of 4,798 in finance & insurance. In 2024, employees put in $1.62 for every $1.00 the employer contributed; active participation has grown from 87 to 96 since 2022.

Plan summary
Net assets, end of year$32,155,595
Participants with balances119
Active participants96
Employer contributions$788,885
Employee contributions$1,278,160
Employer contribution per active participant$8,218
Average account balance$270,215
Benefits paid to participants$4,701,382
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.2M · 119 accts · $789K emplr
2023$30.1M · 121 accts · $738K emplr
2022$26.7M · 123 accts · $683K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,683
Investment management$167
Total administrative$23,850
The Physicians Insurance a Mutual Company 401(k) match · 2024
Employer contribution per active participant$8,218
Median for plans this size$2,416
2024$8,218 per active participant
2023$8,111 per active participant
2022$7,854 per active participant

Physicians Insurance a Mutual Company's 2024 employer contribution ran above the $2,416 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,914

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

Administrative cost history3
2024$23,850 · 0.08%
2023$17,840 · 0.06%
2022$17,373 · 0.05%
Similar plansFinance & Insurance · Washington
Verus Advisory, Inc. WA$37.1M · 0.06%
Kitsap Credit Union WA$32.3M · 0.20%
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%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 911160717 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.