Goodwill of the Olympics and Rainier Region 401(k) Review & Grade
Goodwill of the Olympics and Rainier Region 401(k) Plan
Tacoma, WAOther Services1,222 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$42Employer $ per active participant
$241Employee $ saved per active participant
1.38%Direct admin cost, % of plan assets
$3.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.5 / 509th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 3th |
| Employee saving | 6th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Goodwill of the Olympics and Rainier Region put in about $42 per active participant, below the typical peer ($1,257). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (1.38% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $51,719 |
| Participant (employee) contributions | $294,240 |
| Other contributions (incl. rollovers in) | $32,879 |
| Administrative expenses paid from the plan | $44,419 |
| Contract administrator fees | $4,003 |
| Investment advisory & management fees | $15,825 |
| Benefits paid out | $321,461 |
| Net assets, start / end of year | $3.0M / $3.4M |
| Active participants, start / end of year | 1,267 / 1,177 |
| Participants with account balances | 173 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Nuber. PS |
Largest service providers (Schedule C)
| Kiley Jurgens Wealth Management | $15,825 reported compensation |
| Definiti, LLC | $5,574 reported compensation |
| John Hancock Life Insurance Company | $1,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001181531NAL0016494896001, received 2025-10-01, EIN 91-0573106, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.