Plan Ledger DOL Form 5500 · updated monthly

Silfab Solar Wa Inc.401(k)

SILFAB 401(K) PLAN · BURLINGTON, WA · plan year 2025

Reported admin expense ratio · 2025
0.40%

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

Silfab Solar Wa Inc. reported $12,227 in plan administrative expenses for 2025: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,233 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 fell from 1.93% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Washington (1,379th of 1,714), and 11,436th of 13,661 in manufacturing. In 2025, employees put in $1.71 for every $1.00 the employer contributed; active participation has grown from 228 to 642 since 2022.

Plan summary
Net assets, end of year$4,566,738
Participants with balances688
Active participants642
Employer contributions$791,354
Employee contributions$1,350,320
Employer contribution per active participant$1,233
Average account balance$6,638
Benefits paid to participants$254,167
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$4.6M · 688 accts · $791K emplr
2024$1.6M · 221 accts
2023$885K · 204 accts
2022$423K · 205 accts
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$12,227
Total administrative$12,227
The Silfab Solar Wa Inc. 401(k) match · 2025
Employer contribution per active participant$1,233
Median for plans this size$1,464

Silfab Solar Wa Inc.'s 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
ADP, INC. · Recordkeeping · Loan processing$12,227

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

Recordkeeper by year3
2025ADP
2024ADP
2023ADP

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

Administrative cost history4
2025$12,227 · 0.40%
2024$4,716 · 0.38%
2023$6,904 · 1.06%
2022$5,137 · 1.93%
Same employer
Similar plansManufacturing · Washington
Trimlite, LLC WA$4.6M · 0.80%
Mervin Manufacturing Inc WA$4.6M · 0.67%
Cobalt Enterprises, LLC WA$4.3M · 0.11%
Napsteel, Inc. WA$4.3M · 0.71%
Creo Industrial Arts, LLC WA$4.2M · 0.71%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 371907741 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.