Plan Ledger DOL Form 5500 · updated monthly

Washington State Hospital Association401(k)

WASHINGTON STATE HOSPITAL ASSOCIATION 401(K) & RETIREMENT PLAN · SEATTLE, 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

Washington State Hospital Association reported $68,332 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $8,278 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 0.30% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 631st-largest of 1,714 plans among Washington employers on file, and the 552nd of 2,534 in administrative & support services. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,842,789
Participants with balances133
Active participants80
Employer contributions$662,252
Employee contributions$1,018,360
Employer contribution per active participant$8,278
Average account balance$171,750
Benefits paid to participants$784,529
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 133 accts · $662K emplr
2023$19.3M · 138 accts · $618K emplr
2022$16.6M · 154 accts · $507K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,768
Investment management$41,364
Trustee / custodial$7,200
Total administrative$68,332
The Washington State Hospital Association 401(k) match · 2024
Employer contribution per active participant$8,278
Median for plans this size$2,416
2024$8,278 per active participant
2023$7,633 per active participant
2022$6,342 per active participant

Washington State Hospital Association's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
NWPS · Contract administrator · Recordkeeping$19,768
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (participants) · Investment advisory (plan)$41,364
MATRIX TRUST COMPANY · Custodial (securities)$7,200

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$68,332 · 0.32%
2023$38,931 · 0.22%
2022$54,506 · 0.30%
Similar plansAdministrative & Support Services · Washington
Nuwest Group Holdings, LLC WA$25.1M · 0.44%
Basin Disposal WA$11.4M · 0.62%
Zipstorm, Inc. WA$10.8M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910584257 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.