Plan Ledger DOL Form 5500 · updated monthly

Whidbey Telephone Company401(k)

WHIDBEY TELEPHONE COMPANY 401(K) PLAN · LANGLEY, WA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Whidbey Telephone Company reported $2,038 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,175 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 0.010% to 0.015%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Washington (868th of 1,714), and 1,245th of 2,199 in information & media. In 2024, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,448,717
Participants with balances118
Active participants89
Employer contributions$193,559
Employee contributions$396,909
Employer contribution per active participant$2,175
Average account balance$122,447
Benefits paid to participants$1,101,414
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSON STONE & PAGANO P.S.
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 118 accts · $194K emplr
2023$13.1M · 119 accts · $173K emplr
2022$11.2M · 118 accts · $186K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,038
Total administrative$2,038
The Whidbey Telephone Company 401(k) match · 2024
Employer contribution per active participant$2,175
Median for plans this size$2,416
2024$2,175 per active participant
2023$1,825 per active participant
2022$2,019 per active participant

Whidbey Telephone Company'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 · 20241
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$2,038

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$2,038 · 0.01%
2023$2,012 · 0.02%
2022$1,450 · 0.01%
Same employer
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Skykick, LLC WA$15.2M · 0.04%
Volpara Health, Inc. WA$15.1M · 0.49%
Sound Publishing, Inc. WA$12.0M · 0.37%
Pivotal Commware, Inc. WA$11.1M · 0.27%
Run Studios LLC WA$9.0M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910471290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.