Plan Snapshot
- Plan Sponsor: Nw Marine Trade Association
- Sponsor EIN: 462934809
- Sponsor Address: 15375 SE 30TH PL STE 380, BELLEVUE, WA, 980076500
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,665
- Total Assets: $1.7M
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 | 1,665 | $1.7M | $15.1M | $0 |
| 2023 | 1,731 | $1.5M | $15.1M | $0 |
| 2022 | 2,171 | $1.5M | $18.4M | $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 |
|---|---|---|---|---|
| CAPITAL BENEFIT SERVICES, LLC | Insurance Carrier | $825,064 | — | $825,064 |
| EPK & ASSOCIATES, INC. | Recordkeeper | $265,483 | — | $265,483 |
| FIRST CHOICE HEALTH | Other Service Provider | $25,566 | — | $25,566 |
| SWEENEY CONRAD, P.S. | Other Service Provider | $17,000 | — | $17,000 |
| TRAVELERS INDEMNITY COMPANY | Insurance Carrier | $8,717 | — | $8,717 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,141,830
- Estimated Expense Ratio: 66.010% 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 | $318,649 | — | $265,483 | $17,000 | — |
| 2023 | $327,035 | — | $272,632 | $15,500 | — |
| 2022 | $377,982 | — | $333,304 | — | $16,008 |