Plan Ledger DOL Form 5500 · updated monthly

Seiu Healthcare 1199NW401(k)

SEIU HEALTHCARE 1199NW 401(K) PLAN · KENT, WA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Seiu Healthcare 1199NW reported $16,803 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $5,345 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 3 years on file its reported administrative ratio has held roughly steady near 0.13%. 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 among the smaller plans on file in Washington (890th of 1,714), and the 1,348th of 3,341 in other services. In 2024, the employer put in $1.14 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$14,033,088
Participants with balances149
Active participants122
Employer contributions$652,087
Employee contributions$571,225
Employer contribution per active participant$5,345
Average account balance$94,182
Benefits paid to participants$577,650
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 149 accts · $652K emplr
2023$11.7M · 151 accts · $611K emplr
2022$10.5M · 148 accts · $586K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,803
Total administrative$16,803
The Seiu Healthcare 1199NW 401(k) match · 2024
Employer contribution per active participant$5,345
Median for plans this size$2,416
2024$5,345 per active participant
2023$5,661 per active participant
2022$4,765 per active participant

Seiu Healthcare 1199NW'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 · 20242
ADP, INC. · Loan processing · Recordkeeping$16,803
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$16,803 · 0.13%
2023$15,742 · 0.14%
2022$15,277 · 0.14%
Similar plansOther Services · Washington
Hopelink WA$15.0M · 0.68%
Neighborhood House, Inc. WA$13.0M · 0.13%
Grab Technology LLC WA$12.7M · 0.29%
Car Wash Enterprises, Inc. WA$12.5M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911275780 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.