Plan Ledger DOL Form 5500 · updated monthly

Seattle Indian Health Board401(k)

SEATTLE INDIAN HEALTH BOARD 401(K) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Seattle Indian Health Board reported $10,892 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,896 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 0.15% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Washington (886th of 1,714), and the 4,672nd of 11,911 in health care & social assistance. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 192 to 220 since 2022.

Plan summary
Net assets, end of year$14,092,612
Participants with balances447
Active participants220
Employer contributions$857,171
Employee contributions$1,210,289
Employer contribution per active participant$3,896
Average account balance$31,527
Benefits paid to participants$1,094,511
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 447 accts · $857K emplr
2023$9.6M · 341 accts · $824K emplr
2022$7.6M · 300 accts · $753K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,892
Total administrative$10,892
The Seattle Indian Health Board 401(k) match · 2024
Employer contribution per active participant$3,896
Median for plans this size$2,416
2024$3,896 per active participant
2023$3,597 per active participant
2022$3,920 per active participant

Seattle Indian Health Board's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
SPECTRUM PENSION CONSULTANTS · Participant communication · Claims processing$10,892

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

Recordkeeper by year2
2024SPECTRUM PENSION CONSULTANTS
2023SPECTRUM PENSION CONSULTANTS

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

Administrative cost history3
2024$10,892 · 0.09%
2023$9,748 · 0.11%
2022$11,890 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Tri-Cities Community Health WA$14.8M · 0.50%
Body Contour Centers, LLC WA$14.3M · 1.45%
Solid Ground Washington WA$13.4M · 0.33%
Aesthetic Physicians P.C. WA$12.5M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910869056 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.