Plan Ledger DOL Form 5500 · updated monthly

Seattle Foundation403(b)

SEATTLE FOUNDATION DEFINED CONTRIBUTION RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Seattle Foundation reported $28,892 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $9,787 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 0.45% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 805th-largest of 1,714 plans among Washington employers on file, and the 1,233rd of 3,341 in other services. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has shrunk from 91 to 70 since 2022.

Plan summary
Net assets, end of year$16,028,965
Participants with balances169
Active participants70
Employer contributions$685,073
Employee contributions$1,089,447
Employer contribution per active participant$9,787
Average account balance$94,846
Benefits paid to participants$1,407,800
Plan auditUnmodified (clean) audit opinion
AuditorCLARK NUBER
Plan history3
Yearassets · accounts · employer contribution
2024$16.0M · 169 accts · $685K emplr
2023$13.9M · 163 accts · $562K emplr
2022$11.3M · 176 accts · $560K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,892
Total administrative$28,892
Employer contributions to the Seattle Foundation plan · 2024
Employer contribution per active participant$9,787
Median for plans this size$2,416
2024$9,787 per active participant
2023$5,911 per active participant
2022$6,159 per active participant

Seattle Foundation's 2024 employer contribution ran above the $2,416 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

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 · 20243
NATIONWIDE · Recordkeeping$33,759
LPL FINANCIAL LLC - RPCP · Investment advisory (participants) · Investment advisory (plan)$25,592
HUNNEX AND SHOEMAKER, INC. · Contract administrator$3,627

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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

Administrative cost history3
2024$28,892 · 0.19%
2023$62,109 · 0.49%
2022$52,622 · 0.45%
Same employer
Similar plansOther Services · Washington
Committee for Children WA$24.2M · 0.01%
Hopelink WA$15.0M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 916013536 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.