Plan Ledger DOL Form 5500 · updated monthly

Psf Mechanical, Inc.401(k)

PSF MECHANICAL, INC. RETIREMENT SAVINGS PLAN AND TRUST · SEATLLE, WA · plan year 2022

Reported admin expense ratio · 2022
0.10%

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

Psf Mechanical, Inc. reported $13,454 in plan administrative expenses for 2022: 0.10% of average plan assets, below the peer median. Employer contributions averaged $3,556 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 1 year on file its reported administrative ratio rose from 0.10% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Washington (1,043rd of 1,714), and 3,018th of 5,337 in construction. In 2022, employees put in $2.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,520,964
Participants with balances104
Active participants57
Employer contributions$202,671
Employee contributions$557,556
Employer contribution per active participant$3,556
Average account balance$101,163
Benefits paid to participants$2,355,639
Plan auditUnmodified (clean) audit opinion
AuditorMAYER HOFFMAN MCCANN P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$8.1M · 80 accts · $105K emplr
2022$10.5M · 104 accts · $203K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$13,454
Total administrative$13,454
The Psf Mechanical, Inc. 401(k) match · 2022
Employer contribution per active participant$3,556
Median for plans this size$2,266
2023$2,558 per active participant
2022$3,556 per active participant

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

Administrative cost history2
2023$19,287 · 0.21%
2022$13,454 · 0.10%
Similar plansConstruction · Washington
Jas Design-Build Inc WA$12.1M · 0.09%
Faber Construction, Inc. WA$11.6M · 0.74%
Mastercraft Electric, Inc. WA$10.1M · 0.59%
McClure & Sons, Inc. WA$10.0M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911520404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.