Plan Ledger DOL Form 5500 · updated monthly

Sabey Corporation401(k)

SABEY EMPLOYEES' RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Sabey Corporation reported $56,167 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,229 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 0.30% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 601st-largest of 1,714 plans among Washington employers on file, and the 541st of 2,096 in real estate & leasing. In 2024, employees put in $6.27 for every $1.00 the employer contributed; active participation has grown from 183 to 271 since 2022.

Plan summary
Net assets, end of year$24,878,933
Participants with balances310
Active participants271
Employer contributions$333,144
Employee contributions$2,089,895
Employer contribution per active participant$1,229
Average account balance$80,255
Benefits paid to participants$1,411,564
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.9M · 310 accts · $333K emplr
2023$21.1M · 279 accts · $292K emplr
2022$16.7M · 97 accts · $239K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,225
Investment management$40,000
Total administrative$56,167
The Sabey Corporation 401(k) match · 2024
Employer contribution per active participant$1,229
Median for plans this size$2,416
2024$1,229 per active participant
2023$1,280 per active participant
2022$1,307 per active participant

Sabey Corporation's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
USI CONSULTING GROUP, INC. · Recordkeeping · Loan processing$14,225
USI ADVISORS, INC. · Investment advisory (participants) · Investment advisory (plan)$40,000
CHARLES SCHWAB TRUST BANK · Custodial · Custodial (securities)$1,942
CHARLES SCHWAB & CO., INC. · Custodial · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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Administrative cost history3
2024$56,167 · 0.24%
2023$55,689 · 0.29%
2022$56,697 · 0.30%
Same employer
Similar plansReal Estate & Leasing · Washington
Kidder Mathews Inc. WA$35.9M · 0.43%
Mmgl Holdco LLC WA$30.5M · 0.11%
Clise Agency, Inc. WA$20.5M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910939403 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.