Plan Ledger DOL Form 5500 · updated monthly

United Way of King County403(b)

UNITED WAY OF KING COUNTY 403(B) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

United Way of King County reported $28,801 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $2,814 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 0.22% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 795th-largest of 1,714 plans among Washington employers on file, and the 4,227th of 11,911 in health care & social assistance. In 2024, employees put in $2.50 for every $1.00 the employer contributed; active participation has grown from 106 to 122 since 2022.

Plan summary
Net assets, end of year$16,405,333
Participants with balances185
Active participants122
Employer contributions$343,365
Employee contributions$859,276
Employer contribution per active participant$2,814
Average account balance$88,677
Benefits paid to participants$1,751,512
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 185 accts · $343K emplr
2023$15.1M · 163 accts · $189K emplr
2022$15.2M · 181 accts · $300K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,361
Investment management$21,440
Total administrative$28,801
Employer contributions to the United Way of King County plan · 2024
Employer contribution per active participant$2,814
Median for plans this size$2,416
2024$2,814 per active participant
2023$1,013 per active participant
2022$2,826 per active participant

United Way of King County'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 · 20243
HOHIMER WEALTH MANAGEMENT, LLC · Investment advisory (plan)$21,440
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$6,236
HUNNEX AND SHOEMAKER INC · Contract administrator · Other services$1,125

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$28,801 · 0.18%
2023$24,198 · 0.16%
2022$37,041 · 0.22%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Horizon House WA$17.2M · 0.35%
Northwest Center WA$16.5M · 0.56%
Cowlitz Indian Tribe WA$15.9M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910565555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.