Plan Ledger DOL Form 5500 · updated monthly

Sme Inc of Seattle401(k)

SME INC OF SEATTLE 401(K) PLAN & TRUST · REDMOND, WA · plan year 2020

Reported admin expense ratio · 2020
0.01%

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

Sme Inc of Seattle reported $924 in plan administrative expenses for 2020: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,635 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 294 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Washington (1,133rd of 1,714), and 3,250th of 5,337 in construction. In 2020, employees put in $4.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,923,255
Participants with balances85
Active participants19
Employer contributions$31,068
Employee contributions$129,416
Employer contribution per active participant$1,635
Average account balance$104,979
Benefits paid to participants$2,404,499
Plan auditUnmodified (clean) audit opinion
AuditorSABEY CPA, LLC
The Sme Inc of Seattle 401(k) match · 2020
Employer contribution per active participant$1,635
Median for plans this size$893

Sme Inc of Seattle's 2020 employer contribution ran above the $893 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 2020 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2020$924 · 0.01%
Similar plansConstruction · Washington
McClure & Sons, Inc. WA$10.0M · 0.74%
The Holt Group, Inc. WA$9.0M · 0.56%
Provident Electric, Inc. WA$8.6M · 0.53%
Piper Mechanical, Inc. WA$8.4M · 0.67%
Wolfe Plumbing, Inc. WA$8.0M · 0.02%
Sea-Tac Electric, Inc. WA$7.7M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911624156 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.