Plan Ledger DOL Form 5500 · updated monthly

Puget Sound Kidney Centers403(b)

PUGET SOUND KIDNEY CENTERS TAX-SHELTERED ANNUITY PLAN · EVERETT, WA · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Puget Sound Kidney Centers reported $75,346 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $2,372 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 0.32% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 579th-largest of 1,714 plans among Washington employers on file, and the 3,059th of 11,911 in health care & social assistance. In 2023, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,224,187
Participants with balances457
Active participants270
Employer contributions$640,330
Employee contributions$1,243,463
Employer contribution per active participant$2,372
Average account balance$57,383
Benefits paid to participants$5,217,530
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.1M · 366 accts · $728K emplr
2023$26.2M · 457 accts · $640K emplr
2022$25.8M · 452 accts · $633K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$75,346
Total administrative$75,346
Employer contributions to the Puget Sound Kidney Centers plan · 2023
Employer contribution per active participant$2,372
Median for plans this size$2,440
2024$2,572 per active participant
2023$2,372 per active participant
2022$2,415 per active participant

Puget Sound Kidney Centers's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
VALIC RETIREMENT SERVICE COMPANY · Custodial (securities) · Investment advisory (participants)$73,725
VARIABLE ANNUITY LIFE INSURANCE CO. · Custodial (securities) · Investment advisory (participants)$596

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$23,536 · 0.09%
2023$75,346 · 0.29%
2022$84,154 · 0.32%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Skinspirit Essential, LLC WA$28.8M · 0.06%
Unity Care Northwest WA$27.6M · 0.35%
Orthopedics Northwest PLLC WA$27.4M · 0.19%
Comprehensive Healthcare WA$25.6M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911102033 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.