Plan Ledger DOL Form 5500 · updated monthly

Space Needle LLC401(k)

SPACE NEEDLE RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Space Needle LLC reported $76,199 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,932 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 3 years on file its reported administrative ratio has held roughly steady near 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 797th-largest of 1,714 plans among Washington employers on file, and the 367th of 2,240 in accommodation & food services. In 2024, employees put in $2.10 for every $1.00 the employer contributed; active participation has grown from 135 to 178 since 2022.

Plan summary
Net assets, end of year$16,353,130
Participants with balances287
Active participants178
Employer contributions$521,838
Employee contributions$1,094,115
Employer contribution per active participant$2,932
Average account balance$56,980
Benefits paid to participants$778,284
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 287 accts · $522K emplr
2023$13.7M · 270 accts · $416K emplr
2022$11.4M · 240 accts · $344K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,199
Total administrative$76,199
The Space Needle LLC 401(k) match · 2024
Employer contribution per active participant$2,932
Median for plans this size$2,416
2024$2,932 per active participant
2023$2,851 per active participant
2022$2,546 per active participant

Space Needle LLC's 2024 employer contribution ran above 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$76,199

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$76,199 · 0.51%
2023$63,211 · 0.50%
2022$64,298 · 0.53%
Same employer
Similar plansAccommodation & Food Services · Washington
Pacific Bells, Inc. WA$19.6M · 0.51%
Hawthorn Senior Living, LLC WA$17.2M · 0.90%
Dicks Drive-Ins LTD., LP WA$14.7M · 0.53%
Upper Skagit Indian Tribe WA$14.3M · 0.65%
Silver Cloud, Inc. WA$14.0M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208824976 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.