Washington Federal Bank 401(K) Plan — Form 5500 plan (Washington Federal Bank)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Washington Federal Bank 401(K) Plan is a benefit plan reported by Washington Federal Bank under EIN 91-0135860 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,622 participants and $190,279,623 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$190.3MPlan net assets, end of year$190,279,623
Participants2.6KCovered participants reported2,622
Assets / participant$72.6KComputed: assets ÷ participants$72,570 (computed)
Provider compensation$313.9K5 Schedule C provider row(s)$313,867
Plan sponsor
Washington Federal Bank
EIN
91-0135860
Plan number
001
Plan type
2
Location
Seattle, WA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20232,622H, C20240927155823NAL0004196016001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$190.3M total assets
Net assets$190.3MLiabilities$0
Money in vs. money out
Total income / additions$46.7M
Total expenses$16.5M
Benefits paid / distributions$16.2M
Contributions
Employer$7.6M
Participant$11.5M
Full reported line items

Net assets

Total assets (EOY)
$190,279,623
Total liabilities (EOY)
$0
Net assets (EOY)
$190,279,623
Net assets (BOY)
$160,115,689

Income & contributions

Employer contributions
$7,584,838
Participant contributions
$11,465,304
Total contributions
$20,618,351
Total income / additions
$46,703,352

Expenses & distributions

Benefits paid
$16,200,740
Administrative expenses
$313,774
Total expenses
$16,539,418
Net increase / (decrease)
$30,163,934
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 40%Participant 60%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income35%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Fidelity Investments InstitutionalRECORDKEEPER$156,022$02023
Strategic Advisors, Inc.ADVISOR$58,529not reported in the loaded dataset2023
Ubs Financial ServicesINVESTMENT ADVISOR$55,066not reported in the loaded dataset2023
Plante & Moran, PllcACCOUNTANT/AUDITOR$37,000not reported in the loaded dataset2023
Harlowe & Falk LlpATTORNEY/LEGAL$7,250not reported in the loaded dataset2023

Related Form 5500 pages