Plan Ledger DOL Form 5500 · updated monthly

Tapani, Inc.401(k)

TAPANI, INC. RETIREMENT SAVINGS PLAN · BATTLE GROUND, WA · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Tapani, Inc. reported $255,549 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,951 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 0.53% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 365th-largest of 1,714 plans among Washington employers on file, and the 1,088th of 5,337 in construction. In 2024, the employer put in $1.46 for every $1.00 employees contributed themselves; active participation has grown from 470 to 620 since 2022.

Plan summary
Net assets, end of year$47,558,981
Participants with balances797
Active participants620
Employer contributions$3,689,916
Employee contributions$2,526,350
Employer contribution per active participant$5,951
Average account balance$59,672
Benefits paid to participants$4,545,606
Plan auditUnmodified (clean) audit opinion
AuditorBARRETT & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$47.6M · 797 accts · $3.7M emplr
2023$40.0M · 774 accts · $3.2M emplr
2022$31.7M · 685 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,458
Investment management$127,382
Total administrative$255,549
The Tapani, Inc. 401(k) match · 2024
Employer contribution per active participant$5,951
Median for plans this size$2,416
2024$5,951 per active participant
2023$5,940 per active participant
2022$4,630 per active participant

Tapani, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
FIRST PACIFIC FINANCIAL INC · Investment advisory (plan)$106,821
PENSION PLAN SPECIALISTS · Contract administrator$52,905
BARRET & COMPANY · Accounting / audit$37,700
EMPOWER ADVISORY GROUP · Investment management$20,561

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$255,549 · 0.58%
2023$200,441 · 0.56%
2022$178,638 · 0.53%
Same employer
Similar plansConstruction · Washington
Lydig Construction, Inc. WA$54.2M · 0.25%
Cochran, Inc. WA$39.7M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911350790 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.