Plan Ledger DOL Form 5500 · updated monthly

Western States 401(K) Retirement Fund of the Opeiu Board of Trustee401(k)

WESTERN STATES 401(K) RETIREMENT FUND OF THE OPEIU · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Western States 401(K) Retirement Fund of the Opeiu Board of Trustee reported $567,091 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,917 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 0.77% to 0.85%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 140th-largest of 1,021 plans among Oregon employers on file, and the 230th of 2,534 in administrative & support services. In 2024, the employer put in $1.34 for every $1.00 employees contributed themselves; active participation has shrunk from 1,477 to 383 since 2022.

Plan summary
Net assets, end of year$68,593,880
Participants with balances1,505
Active participants383
Employer contributions$1,500,025
Employee contributions$1,123,410
Employer contribution per active participant$3,917
Average account balance$45,577
Benefits paid to participants$6,527,634
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$68.6M · 1,505 accts · $1.5M emplr
2023$65.0M · 1,618 accts · $1.6M emplr
2022$57.0M · 1,683 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$365,036
Investment management$58,250
Audit (IQPA)$44,027
Total administrative$567,091
The Western States 401(K) Retirement Fund of the Opeiu Board of Trustee 401(k) match · 2024
Employer contribution per active participant$3,917
Median for plans this size$3,635
2024$3,917 per active participant
2023$3,373 per active participant
2022$1,025 per active participant

Western States 401(K) Retirement Fund of the Opeiu Board of Trustee's 2024 employer contribution ran above the $3,635 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 · 20247
JOHN HANCOCK RETIREMENT PLAN SERVIC · Recordkeeping$193,261
BENESYS, INC. · Contract administrator$119,380
VERUS ADVISORY, INC. · Investment advisory (plan)$58,250
WITHUMSMITH+BROWN, PC · Accounting / audit$52,547
PLATFORM CPA · Accounting / audit$43,027
MONDRESS MONACO PARR LOCKWOOD · Legal$36,410
J.B. NIBLEY INSURANCE · Insurance services$8,222

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$567,091 · 0.85%
2023$536,812 · 0.88%
2022$498,425 · 0.77%
Similar plansAdministrative & Support Services · Oregon
Xenium Resources, Inc. OR$131.4M · 0.60%
Navex Global, Inc. OR$94.8M · 0.18%
Zidell Marine Corporation OR$81.7M · 0.10%
Milestone Systems, Inc. OR$28.2M · 0.00%
Cardinal Services, Inc. OR$20.3M · 1.13%
Boly/Welch, Inc. OR$8.0M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 936026077 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.