Plan Ledger DOL Form 5500 · updated monthly

W. B. Sprague Company, Inc.401(k)

SPRAGUE RETIREMENT PLAN · TACOMA, WA · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

W. B. Sprague Company, Inc. reported $70,070 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $3,247 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 0.24% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 625th-largest of 1,714 plans among Washington employers on file, and the 5,050th of 11,654 in professional & technical services. In 2024, employees put in $1.74 for every $1.00 the employer contributed; active participation has grown from 211 to 250 since 2022.

Plan summary
Net assets, end of year$23,060,538
Participants with balances307
Active participants250
Employer contributions$811,725
Employee contributions$1,413,593
Employer contribution per active participant$3,247
Average account balance$75,116
Benefits paid to participants$2,414,867
Plan auditUnmodified (clean) audit opinion
AuditorCLARK NUBER
Plan history3
Yearassets · accounts · employer contribution
2024$23.1M · 307 accts · $812K emplr
2023$20.8M · 285 accts · $1.1M emplr
2022$19.4M · 281 accts · $673K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,665
Investment management$38,405
Total administrative$70,070
The W. B. Sprague Company, Inc. 401(k) match · 2024
Employer contribution per active participant$3,247
Median for plans this size$2,416
2024$3,247 per active participant
2023$4,589 per active participant
2022$3,188 per active participant

W. B. Sprague Company, Inc.'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
CREATIVE PLANNING, LLC · Investment advisory (plan)$38,405
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$31,665
CREATIVE PLANNING, LLC · Investment advisory (participants)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$70,070 · 0.32%
2023$61,530 · 0.31%
2022$50,669 · 0.24%
Similar plansProfessional & Technical Services · Washington
3MD, Inc. WA$23.5M · 0.57%
98POINT6 Inc. WA$23.4M
Bluetooth Sig Inc WA$23.1M · 0.29%
Seattle-Tacoma Box Company WA$22.6M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910420340 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.