Plan Ledger DOL Form 5500 · updated monthly

Puget Collision, LLC401(k)

PUGET COLLISION, LLC 401(K) PLAN · KENT, WA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Puget Collision, LLC reported $5,925 in plan administrative expenses for 2024: 0.16% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,278 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Washington (1,300th of 1,714), and 2,181st of 3,341 in other services. In 2024, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,797,974
Participants with balances544
Active participants586
Employer contributions$748,643
Employee contributions$1,636,659
Employer contribution per active participant$1,278
Average account balance$10,658
Benefits paid to participants$126,262
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$5.8M · 544 accts · $749K emplr
2022$417K · 48 accts · $23K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,925
Total administrative$5,925
The Puget Collision, LLC 401(k) match · 2024
Employer contribution per active participant$1,278
Median for plans this size$1,313
2024$1,278 per active participant
2022$124 per active participant

Puget Collision, LLC's 2024 employer contribution ran below the $1,313 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$5,925

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

Administrative cost history2
2024$5,925 · 0.16%
2022Not separately reported
Same employer
Similar plansOther Services · Washington
Food Lifeline WA$6.8M · 0.01%
L&M Services, Inc. WA$6.1M · 1.10%
Epic WA$5.7M · 0.07%
El Centro de la Raza WA$5.4M · 0.20%
Friends of Youth WA$5.1M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 883169116 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.