Plan Snapshot
- Plan Sponsor: Wafd Bank
- Sponsor EIN: 910135860
- Sponsor Address: 425 PIKE STREET, SEATTLE, WA, 98101
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 2,757
- Total Assets: $244.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 2,757 | $244.1M | $0 | $0 |
| 2024 | 2,211 | $225.2M | $8.9M | $12.6M |
| 2023 | 2,055 | $190.3M | $7.6M | $11.5M |
| 2022 | 2,077 | $160.1M | $11.0M | $10.2M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $159,065 | — | $159,065 |
| STRATEGIC ADVISERS LLC | Investment Advisor | $85,901 | — | $85,901 |
| UBS FINANCIAL SERVICES | Investment Advisor | $65,919 | — | $65,919 |
| WEAVER AND TIDWELL LLP | Auditor | $35,700 | — | $35,700 |
| HARLOWE & FALK LLP | ERISA Attorney | $10,742 | — | $10,742 |
| PLANTE & MORAN, PLLC | Auditor | $6,000 | — | $6,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $363,327
- Estimated Expense Ratio: 0.149% 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 | $38,407,410 | $85,901 | $600 | $41,700 | — |
| 2024 | $367,437 | $130,383 | $1,800 | $40,950 | — |
| 2023 | $313,774 | $113,223 | $300 | $37,000 | — |
| 2022 | $316,272 | $50,383 | — | — | — |