Plan Ledger DOL Form 5500 · updated monthly

Port Madison Enterprises401(k)

PORT MADISON ENTERPRISES 401(K) PLAN · SUQUAMISH, WA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Port Madison Enterprises reported $165,996 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $2,865 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 0.49% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 413th-largest of 1,714 plans among Washington employers on file, and the 161st of 2,240 in accommodation & food services. In 2024, employees put in $1.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,496,494
Participants with balances840
Active participants660
Employer contributions$1,890,617
Employee contributions$2,797,349
Employer contribution per active participant$2,865
Average account balance$49,401
Benefits paid to participants$4,314,889
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.5M · 840 accts · $1.9M emplr
2023$36.2M · 850 accts · $1.8M emplr
2022$30.0M · 821 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$109,574
Investment management$56,422
Total administrative$165,996
The Port Madison Enterprises 401(k) match · 2024
Employer contribution per active participant$2,865
Median for plans this size$2,416
2024$2,865 per active participant
2023$2,515 per active participant
2022$2,335 per active participant

Port Madison Enterprises's 2024 employer contribution ran above the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$97,369
MORGAN STANLEY GLOBAL · Investment advisory (plan)$56,422
HUNNEX AND SHOEMAKER, INC. · Contract administrator · Other services$12,205

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$165,996 · 0.43%
2023$136,367 · 0.41%
2022$159,199 · 0.49%
Same employer
Similar plansAccommodation & Food Services · Washington
R.C. Hedreen Company WA$47.4M · 0.05%
Mad Anthonys, Inc. WA$33.7M · 0.44%
Ivar's, Inc. WA$22.9M · 0.42%
Pacific Bells, Inc. WA$19.6M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911700348 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.