Plan Ledger DOL Form 5500 · updated monthly

Sound Publishing, Inc.401(k)

SOUND PUBLISHING, INC. 401(K) PLAN AND TRUST · EVERETT, WA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Sound Publishing, Inc. reported $43,332 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $707 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 rose from 0.29% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Washington (976th of 1,714), and 1,380th of 2,199 in information & media. In 2024, employees put in $3.94 for every $1.00 the employer contributed; active participation has shrunk from 209 to 171 since 2022.

Plan summary
Net assets, end of year$12,006,749
Participants with balances257
Active participants171
Employer contributions$120,858
Employee contributions$475,946
Employer contribution per active participant$707
Average account balance$46,719
Benefits paid to participants$1,827,473
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 257 accts · $121K emplr
2023$11.5M · 289 accts · $140K emplr
2022$10.4M · 286 accts · $138K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,285
Investment management$19,047
Total administrative$43,332
The Sound Publishing, Inc. 401(k) match · 2024
Employer contribution per active participant$707
Median for plans this size$2,416
2024$707 per active participant
2023$681 per active participant
2022$659 per active participant

Sound Publishing, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$13,596
WORLD INVESTMENT ADVISORS LLC · Investment advisory (plan)$5,451

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

Administrative cost history3
2024$43,332 · 0.37%
2023$36,505 · 0.33%
2022$35,201 · 0.29%
Same employer
Similar plansInformation & Media · Washington
Skykick, LLC WA$15.2M · 0.04%
Volpara Health, Inc. WA$15.1M · 0.49%
Whidbey Telephone Company WA$14.4M · 0.01%
Pivotal Commware, Inc. WA$11.1M · 0.27%
Run Studios LLC WA$9.0M · 0.51%
Syndio Solutions, Inc. WA$8.8M · 0.24%
Textio, Inc. WA$8.3M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 911396047 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.