Plan Ledger DOL Form 5500 · updated monthly

Unisea, Inc.401(k)

UNISEA 401(K) PLAN · REDMOND, WA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Unisea, Inc. reported $88,692 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $5,289 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 0.18% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 323rd-largest of 1,714 plans among Washington employers on file, and the 3,033rd of 13,661 in manufacturing. In 2024, employees put in $1.21 for every $1.00 the employer contributed; active participation has shrunk from 499 to 391 since 2022.

Plan summary
Net assets, end of year$52,779,643
Participants with balances500
Active participants391
Employer contributions$2,067,950
Employee contributions$2,494,659
Employer contribution per active participant$5,289
Average account balance$105,559
Benefits paid to participants$8,067,048
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$52.8M · 500 accts · $2.1M emplr
2023$50.6M · 619 accts · $2.1M emplr
2022$44.9M · 703 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,692
Total administrative$88,692
The Unisea, Inc. 401(k) match · 2024
Employer contribution per active participant$5,289
Median for plans this size$3,635
2024$5,289 per active participant
2023$4,979 per active participant
2022$3,508 per active participant

Unisea, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$88,692
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$88,692 · 0.17%
2023$84,223 · 0.18%
2022$92,721 · 0.18%
Same employer
Similar plansManufacturing · Washington
Zetron, Inc. WA$60.0M · 0.05%
Jamco America Inc. WA$58.7M · 0.13%
Miles Sand & Gravel Company WA$58.1M · 0.17%
Hotstart, Inc. WA$56.2M · 0.00%
Usnr, LLC WA$51.2M · 0.17%
Ascensus Specialties LLC WA$48.4M · 0.12%
Moses Lake Industries WA$48.3M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910917126 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.