Plan Ledger DOL Form 5500 · updated monthly

Seattle Institute for Biomedical and Clinical Research403(b)

SEATTLE INSTITUTE FOR BIOMEDICAL AND CLINICAL RESEARCH 403(B) DC PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Seattle Institute for Biomedical and Clinical Research reported $53,703 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $5,108 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 0.35% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 674th-largest of 1,714 plans among Washington employers on file, and the 5,448th of 11,654 in professional & technical services. In 2024, employees put in $1.38 for every $1.00 the employer contributed; active participation has grown from 101 to 115 since 2022.

Plan summary
Net assets, end of year$20,613,940
Participants with balances325
Active participants115
Employer contributions$587,450
Employee contributions$811,545
Employer contribution per active participant$5,108
Average account balance$63,428
Benefits paid to participants$2,229,010
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 325 accts · $587K emplr
2023$18.9M · 328 accts · $506K emplr
2022$15.0M · 245 accts · $461K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,386
Investment management$50,000
Total administrative$53,703
Employer contributions to the Seattle Institute for Biomedical and Clinical Research plan · 2024
Employer contribution per active participant$5,108
Median for plans this size$2,416
2024$5,108 per active participant
2023$5,064 per active participant
2022$4,562 per active participant

Seattle Institute for Biomedical and Clinical Research'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
USI ADVISORS, INC. · Investment advisory (participants) · Investment advisory (plan)$50,000
CHARLES SCHWAB TRUST BANK · Custodial · Custodial (securities)$2,317
CHARLES SCHWAB & CO., INC. · Custodial · Custodial (securities)indirect comp

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

Administrative cost history3
2024$53,703 · 0.27%
2023$53,673 · 0.32%
2022$56,720 · 0.35%
Same employer
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Dorian Studio, Inc. WA$21.5M · 0.21%
Casne Engineering, Inc. WA$21.1M · 0.49%
Seeq Corporation WA$20.9M · 0.07%
Logic 20/20 Inc WA$20.7M · 0.45%
Opportunity Council WA$20.6M · 0.33%
Wongdoody, Inc. WA$20.5M · 0.21%
Appen Butler Hill, Inc. WA$20.2M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911452438 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.