What are the fees in the Savibank 401(k) plan?

For plan year 2022, Savibank reported $34,531 in plan administrative expenses, or 0.50% of average plan assets — above the peer median. Fund-level expense ratios are not included in public filings.

What is the Savibank 401(k) match?

In 2022, employer contributions to the Savibank plan averaged $2,524 per active participant, above the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Savibank 401(k)?

The average participant account balance was $51,903 for plan year 2022, based on 139 accounts.

Savibank401(k)

Name: Savibank 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SAVIBANK 401(K) RETIREMENT PLAN & TRUST · MOUNT VERNON, WA · plan year 2022

Reported admin expense ratio · 2022

0.50%

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

Savibank reported $34,531 in plan administrative expenses for 2022: 0.50% of average plan assets, above the peer median. Employer contributions averaged $2,524 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 finance & insurance employers. By assets it is among the smaller plans on file in Washington (1,220th of 1,714), and 4,254th of 4,798 in finance & insurance. In 2022, employees put in $2.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,214,470
Participants with balances139
Active participants149
Employer contributions$376,075
Employee contributions$882,647
Employer contribution per active participant$2,524
Average account balance$51,903
Benefits paid to participants$708,898
Plan auditUnmodified (clean) audit opinion
AuditorVSH, PLLC

Administrative expenses, itemized · 2022

Investment management$34,531

Total administrative$34,531

The Savibank 401(k) match · 2022

Employer contribution per active participant$2,524

Median for plans this size$1,114

Savibank's 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top 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

Your balance

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$34,531 · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202414781 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.