Plan Ledger DOL Form 5500 · updated monthly

Sweeney Conrad, P.S.401(k)

SWEENEY CONRAD, P.S. 401(K) SAVINGS PLAN · KIRKLAND, WA · plan year 2023

Reported admin expense ratio · 2023
0.10%

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

Sweeney Conrad, P.S. reported $25,553 in plan administrative expenses for 2023: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,166 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 0.11% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 554th-largest of 1,714 plans among Washington employers on file, and the 4,352nd of 11,654 in professional & technical services. In 2023, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 109 to 132 since 2022.

Plan summary
Net assets, end of year$28,314,904
Participants with balances156
Active participants132
Employer contributions$681,873
Employee contributions$1,255,576
Employer contribution per active participant$5,166
Average account balance$181,506
Benefits paid to participants$1,931,214
Plan auditUnmodified (clean) audit opinion
AuditorBDG CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$27.7M · 164 accts · $791K emplr
2023$28.3M · 156 accts · $682K emplr
2022$24.3M · 134 accts · $632K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,740
Investment management$23,813
Total administrative$25,553
The Sweeney Conrad, P.S. 401(k) match · 2023
Employer contribution per active participant$5,166
Median for plans this size$2,440
2024$5,692 per active participant
2023$5,166 per active participant
2022$5,797 per active participant

Sweeney Conrad, P.S.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
EMPOWER ADVISORY GROUP, LLC · Investment management$23,813
HUNNEX & SHOEMAKER · Contract administrator$975

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$26,336 · 0.09%
2023$25,553 · 0.10%
2022$28,031 · 0.11%
Same employer
Similar plansProfessional & Technical Services · Washington
Pushpay USA, Inc. WA$29.0M · 0.90%
Oac Services WA$28.9M · 0.01%
Omniva LLC WA$28.7M · 0.22%
Maul Foster & Alongi, Inc. WA$28.4M · 0.01%
Harris Group Inc. WA$28.3M · 0.22%
Lee & Hayes, P.C. WA$28.1M · 0.34%
Ahbl, Inc. WA$26.6M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911301672 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.