Plan Snapshot
- Plan Sponsor: Board Of Trustees, Sound Health & Wellness Trust
- Sponsor EIN: 916058475
- Sponsor Address: 11724 NE 195TH ST STE 300, BOTHELL, WA, 98011
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 35,506
- Total Assets: $148.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 35,506 | $148.2M | $281.9M | $14.2M |
| 2023 | 35,175 | $166.2M | $275.7M | $14.2M |
| 2022 | 36,512 | $179.0M | $275.2M | $14.5M |
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 |
|---|---|---|---|---|
| KAISER FOUNDATION HEALTH PLAN OF WA | Other Service Provider | $19,765,994 | — | $19,765,994 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $5,741,183 | $1,115,236 | $6,856,419 |
| AETNA | Other Service Provider | $3,617,606 | — | $3,617,606 |
| GUARDIAN NURSES HEALTHCARE ADVOCATE | Other Service Provider | $1,474,143 | — | $1,474,143 |
| DELTA DENTAL OF WASHINGTON | Other Service Provider | $1,318,341 | — | $1,318,341 |
| ZELIS CLAIMS INTEGRITY, LLC | Other Service Provider | $1,265,654 | — | $1,265,654 |
| WEBMD HEALTH SERVICES GROUP, INC | Other Service Provider | $829,074 | — | $829,074 |
| ACTIVEHEALTH MGMT SERVICES | Other Service Provider | $524,449 | — | $524,449 |
| MEDICAL INSURANCE CONSULTING GROUP | Other Service Provider | $471,002 | — | $471,002 |
| SEYFARTH SHAW LLP | Investment Advisor | $349,530 | — | $349,530 |
| CHEIRON, INC | Other Service Provider | $333,014 | — | $333,014 |
| RAEL & LETSON | Other Service Provider | $326,903 | — | $326,903 |
| MILLER KAPLAN ARASE LLP | Auditor | $291,444 | — | $291,444 |
| SERVICE PRINTING CO. INC. | Other Service Provider | $232,313 | — | $232,313 |
| WASHINGTON HEALTH ALLIANCE | Other Service Provider | $196,787 | — | $196,787 |
| SLEVIN & HART, P.C. | ERISA Attorney | $192,960 | — | $192,960 |
| AUKEMA & ASSOCIATES INC. | Other Service Provider | $121,912 | — | $121,912 |
| VISION SERVICE PLAN | Other Service Provider | $102,303 | — | $102,303 |
| WELLDYNE RX, INC | Other Service Provider | $93,123 | — | $93,123 |
| PUBLISHERS MAILING SERVICES | Other Service Provider | $91,682 | — | $91,682 |
| LOCKTON COMPANIES LLC | Investment Advisor | $81,338 | — | $81,338 |
| IRON MOUNTAIN, INC. | Other Service Provider | $44,510 | — | $44,510 |
| VERUS ADVISORY, INC | Other Service Provider | $40,000 | — | $40,000 |
| THE EDGEWATER HOTEL | Other Service Provider | $34,647 | — | $34,647 |
| US BANK, N.A. | Recordkeeper | $31,306 | — | $31,306 |
| WELLS FARGO BANK, N.A. | Other Service Provider | $29,703 | — | $29,703 |
| BARLOW COUGHRAN MORALES JOSEPHSON | Other Service Provider | $24,738 | — | $24,738 |
| PRUDENTIAL TRUST CO. | Other Service Provider | $19,143 | — | $19,143 |
| MCMC SERVICES, LLC (EXAM WORKS) | Other Service Provider | $12,166 | — | $12,166 |
| SEGAL SELECT INS SERVICES, INC | Other Service Provider | — | $11,303 | $11,303 |
| ALLMED HEALTHCARE MANAGEMENT INC. | Other Service Provider | $5,698 | — | $5,698 |
| LEGEND DATA SYSTEMS, INC | Other Service Provider | $5,409 | — | $5,409 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SEYFARTH SHAW LLP — Investment Advisor
- MILLER KAPLAN ARASE LLP — Auditor
- SLEVIN & HART, P.C. — ERISA Attorney
- LOCKTON COMPANIES LLC — Investment Advisor
- US BANK, N.A. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,794,614
- Estimated Expense Ratio: 26.177% 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 | $6,767,122 | $40,000 | $2,983,411 | $37,900 | — |
| 2023 | $6,587,231 | $77,044 | $2,735,731 | $36,000 | — |
| 2022 | $6,194,361 | $35,796 | $3,128,434 | — | $1,517,096 |