Plan Snapshot
- Plan Sponsor: Barrett Business Services, INC.
- Sponsor EIN: 520812977
- Sponsor Address: 8100 NE PARKWAY DR SUITE 200, VANCOUVER, WA, 98662
- Plan Type: 401(k)
- Total Participants: 51,743
- Total Assets: $260.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 51,743 | $260.8M | $12.7M | $30.1M |
| 2023 | 46,144 | $194.7M | $10.3M | $23.6M |
| 2022 | 36,724 | $137.6M | $9.0M | $19.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MILLIMAN, INC. | Recordkeeper | $902,828 | — | $902,828 |
| MORGAN STANLEY SMITH BARNEY | Recordkeeper | $127,500 | — | $127,500 |
| CHARLES SCHWAB TRUST BANK | Recordkeeper | $29,442 | — | $29,442 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — Recordkeeper
- MORGAN STANLEY SMITH BARNEY — Recordkeeper
- CHARLES SCHWAB TRUST BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,059,770
- Estimated Expense Ratio: 0.406% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,061,682 | $127,500 | — | — | — |
| 2023 | $831,963 | $127,500 | — | — | — |
| 2022 | $636,682 | — | — | — | $636,682 |