Plan Snapshot
- Plan Sponsor: Board Of Trustees, Sound Variable Annuity
- Sponsor EIN: 863278029
- Sponsor Address: 11724 NE 195TH ST STE 300, BOTHELL, WA, 98011
- Plan Type: DB
- Total Participants: 94,919
- Total Assets: $140.2M
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 | 94,919 | $140.2M | $40.4M | $0 |
| 2023 | 81,755 | $97.9M | $35.6M | $0 |
| 2022 | 66,669 | $58.7M | $48.9M | $0 |
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 |
|---|---|---|---|---|
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $1,842,844 | — | $1,842,844 |
| CHEIRON INC | Other Service Provider | $463,204 | — | $463,204 |
| RAEL & LETSON | Other Service Provider | $212,938 | — | $212,938 |
| SEYFARTH SHAW LLP | Investment Advisor | $99,810 | — | $99,810 |
| SLEVIN & HART, P.C. | ERISA Attorney | $51,430 | — | $51,430 |
| SEGAL SELECT INSURANCE SERVICES | Other Service Provider | — | $43,026 | $43,026 |
| VERUS ADVISORY, INC | Other Service Provider | $35,000 | — | $35,000 |
| MILLER KAPLAN ARASE LLP | Auditor | $27,280 | — | $27,280 |
| PRUDENTIAL TRUST CO. | Other Service Provider | $20,926 | — | $20,926 |
| SERVICE PRINTING CO, INC | Other Service Provider | $16,902 | — | $16,902 |
| WELLS FARGO BANK, NA | Other Service Provider | $13,718 | — | $13,718 |
| US BANK, NA | Recordkeeper | $11,002 | — | $11,002 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SEYFARTH SHAW LLP — Investment Advisor
- SLEVIN & HART, P.C. — ERISA Attorney
- MILLER KAPLAN ARASE LLP — Auditor
- US BANK, NA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,838,080
- Estimated Expense Ratio: 2.025% 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 | $4,627,776 | $55,926 | $1,842,844 | $20,000 | — |
| 2023 | $4,308,201 | $51,896 | $1,628,782 | $20,000 | — |
| 2022 | $4,204,291 | $32,896 | $1,873,050 | — | $708,552 |