Plan Ledger DOL Form 5500 · updated monthly

Romaine Electric Corporation401(k)

ROMAINE ELECTRIC CORPORATION 401(K) RETIREMENT SAVINGS PLAN AND TRUST · KENT, WA · plan year 2023

Reported admin expense ratio · 2023
0.43%

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

Romaine Electric Corporation reported $25,964 in plan administrative expenses for 2023: 0.43% of average plan assets, below the peer median. Employer contributions averaged $621 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 fell from 0.62% to 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Washington (1,267th of 1,714), and 1,389th of 2,096 in real estate & leasing. In 2023, employees put in $2.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,332,127
Participants with balances159
Active participants147
Employer contributions$91,229
Employee contributions$248,720
Employer contribution per active participant$621
Average account balance$39,825
Benefits paid to participants$315,678
Plan auditUnmodified (clean) audit opinion
AuditorSHANNON & ASSOCIATES
Plan history2
Yearassets · accounts · employer contribution
2023$6.3M · 159 accts · $91K emplr
2022$5.6M · 144 accts · $116K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$25,964
Total administrative$25,964
The Romaine Electric Corporation 401(k) match · 2023
Employer contribution per active participant$621
Median for plans this size$1,308
2023$621 per active participant
2022$845 per active participant

Romaine Electric Corporation's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ADP, INC. · Loan processing · Recordkeeping$347

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

Administrative cost history2
2023$25,964 · 0.43%
2022$34,182 · 0.62%
Similar plansReal Estate & Leasing · Washington
Bellwether Housing WA$9.2M · 0.36%
Idm Companies, LLC WA$6.3M · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800565086 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.