Plan Ledger DOL Form 5500 · updated monthly

Prime Group LLC401(k)

PRIME ELECTRIC, INC. 401(K) PROFIT SHARING PLAN · BELLEVUE, WA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Prime Group LLC reported $55,812 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $5,594 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 0.18% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 451st-largest of 1,714 plans among Washington employers on file, and the 1,335th of 5,337 in construction. In 2024, employees put in $1.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,371,559
Participants with balances436
Active participants324
Employer contributions$1,812,427
Employee contributions$2,443,231
Employer contribution per active participant$5,594
Average account balance$83,421
Benefits paid to participants$4,015,936
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.4M · 436 accts · $1.8M emplr
2023$30.7M · 410 accts · $1.7M emplr
2022$25.9M · 425 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,752
Trustee / custodial$11,060
Total administrative$55,812
The Prime Group LLC 401(k) match · 2024
Employer contribution per active participant$5,594
Median for plans this size$2,416
2024$5,594 per active participant
2023$5,835 per active participant
2022$4,749 per active participant

Prime Group LLC'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 · 20242
NWPS · Recordkeeping · Consulting$44,752
CHARLES SCHWAB TRUST BANK · Custodial · Custodial (securities)$11,060

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

Recordkeeper by year2
2024NWPS
2023NWPS

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

Administrative cost history3
2024$55,812 · 0.17%
2023$56,578 · 0.20%
2022$51,113 · 0.18%
Similar plansConstruction · Washington
Cochran, Inc. WA$39.7M · 0.34%
Fisher Companies, Inc. WA$35.6M · 0.28%
Hermanson Company, LLP WA$34.4M · 0.15%
Dowbuilt, Inc. WA$33.8M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383974080 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.