Plan Ledger DOL Form 5500 · updated monthly

Puget Sound Regional Services403(b)

PSRS 403(B) PLAN · RENTON, WA · plan year 2022

Reported admin expense ratio · 2022
0.83%

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

Puget Sound Regional Services reported $19,056 in plan administrative expenses for 2022: 0.83% of average plan assets, higher than ~75% of peers. Employer contributions averaged $570 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 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Washington (1,551st of 1,714), and 2,817th of 3,341 in other services. In 2022, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,242,572
Participants with balances68
Active participants263
Employer contributions$150,000
Employee contributions$219,580
Employer contribution per active participant$570
Average account balance$32,979
Benefits paid to participants$115,773
Plan auditUnmodified (clean) audit opinion
AuditorSMITH BUNDAY BERMAN BRITTON, P.S.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$17,781
Total administrative$19,056
Employer contributions to the Puget Sound Regional Services plan · 2022
Employer contribution per active participant$570
Median for plans this size$1,114

Puget Sound Regional Services's 2022 employer contribution ran below the $1,114 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 history1
2022$19,056 · 0.83%
Same employer
Similar plansOther Services · Washington
Wrench, Inc. WA$2.7M · 0.13%
Cowiche Growers, Inc. WA$2.7M · 0.95%
Rudys Reloaded, LLC WA$2.6M · 0.64%
Olympic Moving & Storage WA$2.0M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911296595 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.