Plan Ledger DOL Form 5500 · updated monthly

South Everson Lumber Company Inc.401(k)

SOUTH EVERSON LUMBER COMPANY INC. 401(K) SAVINGS PLAN · EVERSON, WA · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

South Everson Lumber Company Inc. reported $26,068 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $675 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 0.45% to 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Washington (1,298th of 1,714), and 10,788th of 13,661 in manufacturing. In 2024, employees put in $3.79 for every $1.00 the employer contributed; active participation has grown from 103 to 115 since 2022.

Plan summary
Net assets, end of year$5,814,631
Participants with balances111
Active participants115
Employer contributions$77,601
Employee contributions$294,265
Employer contribution per active participant$675
Average account balance$52,384
Benefits paid to participants$351,100
Plan auditQualified audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 111 accts · $78K emplr
2023$5.1M · 102 accts · $70K emplr
2022$4.5M · 106 accts · $63K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,068
Total administrative$26,068
The South Everson Lumber Company Inc. 401(k) match · 2024
Employer contribution per active participant$675
Median for plans this size$1,313
2024$675 per active participant
2023$686 per active participant
2022$611 per active participant

South Everson Lumber Company Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$26,067

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$26,068 · 0.48%
2023$22,228 · 0.46%
2022$21,978 · 0.45%
Same employer
Similar plansManufacturing · Washington
Tacoma Glass WA$6.1M · 0.01%
Spokane Industries, Inc. WA$6.1M · 0.01%
Oregon Ice Cream LLC WA$6.0M · 0.80%
Multifab Inc. WA$5.9M · 0.51%
Fabriform LLC WA$5.6M · 0.71%
Columbia Cedar WA$5.5M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910907693 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.