Plan Ledger DOL Form 5500 · updated monthly

Sea-Mar Community Health CentersDC plan

EMPLOYEE BENEFIT PLAN OF SEA-MAR COMMUNITY HEALTH CENTERS · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Sea-Mar Community Health Centers reported $75,627 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $1,655 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 0.10% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 239th-largest of 1,714 plans among Washington employers on file, and the 1,394th of 11,911 in health care & social assistance. In 2024, the employer put in $1.33 for every $1.00 employees contributed themselves; active participation has shrunk from 3,765 to 2,704 since 2022.

Plan summary
Net assets, end of year$73,258,035
Participants with balances4,392
Active participants2,704
Employer contributions$4,476,324
Employee contributions$3,363,820
Employer contribution per active participant$1,655
Average account balance$16,680
Benefits paid to participants$4,612,654
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$73.3M · 4,392 accts · $4.5M emplr
2023$61.5M · 4,277 accts · $4.1M emplr
2022$49.0M · 4,846 accts · $3.7M emplr
Employer contributions to the Sea-Mar Community Health Centers plan · 2024
Employer contribution per active participant$1,655
Median for plans this size$3,635
2024$1,655 per active participant
2023$1,432 per active participant
2022$989 per active participant

Sea-Mar Community Health Centers'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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$75,627

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$75,627 · 0.11%
2023$24,565 · 0.04%
2022$52,980 · 0.10%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Neighborcare Health WA$71.1M · 0.14%
Compass Health WA$61.6M · 0.26%
Incyte Pathology, Ps WA$59.0M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911020139 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.