Plan Ledger DOL Form 5500 · updated monthly

Solid Ground Washington401(k)

SOLID GROUND WASHINGTON PROFIT SHARING RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Solid Ground Washington reported $41,788 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $1,975 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 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Washington (906th of 1,714), and the 4,832nd of 11,911 in health care & social assistance. In 2024, employees put in $1.33 for every $1.00 the employer contributed; active participation has grown from 210 to 245 since 2022.

Plan summary
Net assets, end of year$13,388,322
Participants with balances391
Active participants245
Employer contributions$483,797
Employee contributions$644,118
Employer contribution per active participant$1,975
Average account balance$34,241
Benefits paid to participants$1,093,673
Plan auditUnmodified (clean) audit opinion
AuditorJACOBSON JARVIS & CO, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 391 accts · $484K emplr
2023$12.1M · 370 accts · $452K emplr
2022$10.9M · 371 accts · $441K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,020
Trustee / custodial$5,768
Total administrative$41,788
The Solid Ground Washington 401(k) match · 2024
Employer contribution per active participant$1,975
Median for plans this size$2,416
2024$1,975 per active participant
2023$2,100 per active participant
2022$2,100 per active participant

Solid Ground Washington's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NWPS · Contract administrator · Recordkeeping$36,020
MG TRUST CO D/B/A MATRIX TRUST CO · Custodial (securities)$5,768

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

Recordkeeper by year2
2024NWPS
2023NWPS

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

Administrative cost history3
2024$41,788 · 0.33%
2023$39,934 · 0.35%
2022$41,828 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Tri-Cities Community Health WA$14.8M · 0.50%
Body Contour Centers, LLC WA$14.3M · 1.45%
Seattle Indian Health Board WA$14.1M · 0.09%
Aesthetic Physicians P.C. WA$12.5M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237421892 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.