Plan Ledger DOL Form 5500 · updated monthly

Sanmar Corporation401(k)

SANMAR, LKWP, AND AFFILIATES 401(K) PLAN · ISSAQUAH, WA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Sanmar Corporation reported $250,314 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,375 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 rose from 0.12% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 107th-largest of 1,714 plans among Washington employers on file, and the 240th of 4,246 in wholesale trade. In 2024, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$204,259,765
Participants with balances3,129
Active participants5,003
Employer contributions$6,877,869
Employee contributions$14,105,324
Employer contribution per active participant$1,375
Average account balance$65,280
Benefits paid to participants$12,398,787
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$204.3M · 3,129 accts · $6.9M emplr
2023$168.6M · 2,926 accts · $6.3M emplr
2022$132.8M · 2,766 accts · $5.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$233,937
Investment management$16,377
Total administrative$250,314
The Sanmar Corporation 401(k) match · 2024
Employer contribution per active participant$1,375
Median for plans this size$3,635
2024$1,375 per active participant
2023$1,219 per active participant
2022$1,167 per active participant

Sanmar Corporation's 2024 employer contribution ran below the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$283,511
HIGHLAND CAPITAL ADVISOR · Investment advisory (plan)$27,808

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$250,314 · 0.13%
2023$197,321 · 0.13%
2022$175,216 · 0.12%
Same employer
Similar plansWholesale Trade · Washington
Nintendo of America Inc. WA$559.8M · 0.05%
Harnish Group, Inc. WA$253.2M · 0.15%
Gensco, Inc. WA$153.8M · 0.11%
The Odom Corporation WA$126.6M · 0.16%
H. D. Fowler Company, Inc. WA$111.3M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910792443 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.