Plan Ledger DOL Form 5500 · updated monthly

Upper Skagit Indian Tribe401(k)

UPPER SKAGIT INDIAN TRIBE DBA SVCR 401K PROFIT SHARING PLAN · BOW, WA · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Upper Skagit Indian Tribe reported $84,829 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,415 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 3 years on file its reported administrative ratio has held roughly steady near 0.645%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Washington (876th of 1,714), and the 426th of 2,240 in accommodation & food services. In 2024, the employer put in $1.37 for every $1.00 employees contributed themselves; active participation has grown from 247 to 288 since 2022.

Plan summary
Net assets, end of year$14,257,653
Participants with balances328
Active participants288
Employer contributions$695,650
Employee contributions$506,707
Employer contribution per active participant$2,415
Average account balance$43,468
Benefits paid to participants$548,996
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 328 accts · $696K emplr
2023$12.0M · 334 accts · $597K emplr
2022$10.5M · 395 accts · $585K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,839
Investment management$31,990
Total administrative$84,829
The Upper Skagit Indian Tribe 401(k) match · 2024
Employer contribution per active participant$2,415
Median for plans this size$2,416
2024$2,415 per active participant
2023$2,259 per active participant
2022$2,370 per active participant

Upper Skagit Indian Tribe's 2024 employer contribution ran below 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$36,772
WESTGATE CAPITAL CONSULTANTS · Investment advisory (participants)$31,990
DEFINITI, LLC · Contract administrator$16,067

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$84,829 · 0.65%
2023$82,027 · 0.73%
2022$76,779 · 0.65%
Similar plansAccommodation & Food Services · Washington
Hawthorn Senior Living, LLC WA$17.2M · 0.90%
Space Needle LLC WA$16.4M · 0.51%
Dicks Drive-Ins LTD., LP WA$14.7M · 0.53%
Silver Cloud, Inc. WA$14.0M · 0.81%
Emerald City Pizza, LLC WA$12.7M · 0.20%
Mod Super Fast Pizza, LLC WA$12.7M · 3.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911703103 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.