Plan Ledger DOL Form 5500 · updated monthly

Skis Painting, Inc.401(k)

SKI'S PAINTING, INC. 401(K) PLAN · KENT, WA · plan year 2022

Reported admin expense ratio · 2022
0.29%

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

Skis Painting, Inc. reported $11,897 in plan administrative expenses for 2022: 0.29% of average plan assets, below the peer median. Employer contributions averaged $1,137 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Washington (1,463rd of 1,714), and 4,400th of 5,337 in construction. In 2022, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,437,307
Participants with balances63
Active participants130
Employer contributions$147,802
Employee contributions$241,297
Employer contribution per active participant$1,137
Average account balance$54,560
Benefits paid to participants$654,138
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$9,906
Total administrative$11,897
The Skis Painting, Inc. 401(k) match · 2022
Employer contribution per active participant$1,137
Median for plans this size$1,114

Skis Painting, Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$11,897 · 0.29%
Same employer
Similar plansConstruction · Washington
Drywall Inc. WA$3.6M · 0.66%
Fast Water Heater Company WA$3.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911435975 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.