Plan Ledger DOL Form 5500 · updated monthly

Seabrook Land Company, LLC401(k)

SEABROOK LAND 401(K) PLAN · PACIFIC BEACH, WA · plan year 2022

Reported admin expense ratio · 2022
1.04%

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

Seabrook Land Company, LLC reported $39,878 in plan administrative expenses for 2022: 1.04% of average plan assets, higher than ~75% of peers. Employer contributions averaged $938 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 construction employers. By assets it is among the smaller plans on file in Washington (1,443rd of 1,714), and 4,336th of 5,337 in construction. In 2022, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,660,927
Participants with balances86
Active participants206
Employer contributions$193,245
Employee contributions$379,919
Employer contribution per active participant$938
Average account balance$42,569
Benefits paid to participants$234,019
Plan auditUnmodified (clean) audit opinion
AuditorVWC
The Seabrook Land Company, LLC 401(k) match · 2022
Employer contribution per active participant$938
Median for plans this size$1,114

Seabrook Land Company, LLC's 2022 employer contribution ran below the $1,114 median for plans its size. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$39,878 · 1.04%
Similar plansConstruction · Washington
Kirby Electric, Inc. WA$4.0M · 0.45%
Drywall Inc. WA$3.6M · 0.66%
Skis Painting, Inc. WA$3.4M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202135075 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.