Plan Ledger DOL Form 5500 · updated monthly

Updater Inc.401(k)

UPDATER INC. 401(K) PLAN · BEAVERTON, OR · plan year 2024

Reported admin expense ratio · 2024
0.25%

Updater Inc. reported $32,520 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. 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 0.254%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 466th-largest of 1,021 plans among Oregon employers on file, and the 914th of 2,096 in real estate & leasing. active participation has shrunk from 252 to 166 since 2022.

Plan summary
Net assets, end of year$13,452,098
Participants with balances340
Active participants166
Employer contributions—
Employee contributions$2,075,076
Employer contribution per active participant—
Average account balance$39,565
Benefits paid to participants$2,557,846
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.5M · 340 accts
2023$12.2M · 339 accts
2022$9.3M · 406 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,626
Investment management$23,894
Total administrative$32,520
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
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$32,521

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$32,520 · 0.25%
2023$26,165 · 0.24%
2022$20,413 · 0.25%
Similar plansReal Estate & Leasing · Oregon
Schnitzer Investment Corp. OR$45.1M · 0.17%
Rightline Equipment, Inc. OR$14.0M · 0.13%
Allegiant Partners, Inc. OR$13.1M · 0.28%
Guardian Management LLC OR$7.1M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273522417 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.