Plan Snapshot
- Plan Sponsor: Seattle Bank
- Sponsor EIN: 911984151
- Sponsor Address: 401 UNION STREET, SEATTLE, WA, 98101
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 172
- Total Assets: $21.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 172 | $21.1M | $0 | $0 |
| 2024 | 96 | $18.3M | $365,162 | $933,381 |
| 2023 | 76 | $16.4M | $344,494 | $737,671 |
| 2022 | 59 | $13.3M | $240,698 | $614,112 |
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 |
|---|---|---|---|---|
| RBC RETIREMENT PLAN ADVISORS | Other Service Provider | $38,300 | — | $38,300 |
| NORTHWEST PLAN SERVICES | Other Service Provider | $24,246 | — | $24,246 |
| CHARLES SCHWAB TRUST BANK | Other Service Provider | $6,408 | — | $6,408 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,954
- Estimated Expense Ratio: 0.326% 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 |
|---|---|---|---|---|---|
| 2025 | $1,004,841 | $38,300 | — | — | — |
| 2024 | $64,134 | $34,494 | — | — | — |
| 2023 | $56,464 | $28,639 | — | — | — |
| 2022 | $57,124 | $29,150 | — | — | $22,296 |