Plan Ledger DOL Form 5500 · updated monthly

William H. Gates III401(k)

CASCADE ASSET MANAGEMENT COMPANY 401(K) PLAN · KIRKLAND, WA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

William H. Gates III reported $65,832 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $24,273 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 0.06% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 194th-largest of 1,714 plans among Washington employers on file, and the 1,629th of 11,654 in professional & technical services. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$92,169,486
Participants with balances225
Active participants163
Employer contributions$3,956,509
Employee contributions$3,270,894
Employer contribution per active participant$24,273
Average account balance$409,642
Benefits paid to participants$2,083,416
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$92.2M · 225 accts · $4.0M emplr
2023$74.3M · 222 accts · $3.9M emplr
2022$57.3M · 219 accts · $3.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,832
Total administrative$65,832
The William H. Gates III 401(k) match · 2024
Employer contribution per active participant$24,273
Median for plans this size$3,635
2024$24,273 per active participant
2023$23,395 per active participant
2022$22,537 per active participant

William H. Gates III's 2024 employer contribution ran above the $3,635 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$65,832

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$65,832 · 0.08%
2023$12,479 · 0.02%
2022$35,349 · 0.06%
Same employer
Similar plansProfessional & Technical Services · Washington
Anchor Qea, LLC WA$110.0M · 0.21%
Terrapower, LLC WA$96.7M · 0.00%
Geoengineers, Inc. WA$89.2M · 0.07%
Keller Rohrback LLP WA$86.5M · 0.12%
Apptio, Inc. WA$80.4M · 0.24%
Delve Holdings, Inc. WA$79.4M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911307932 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.