Retirement plan

FARESTART 401(K) PLAN AND TRUST

Name: FARESTART - FARESTART 401(K) PLAN AND TRUST (2025) Form 5500
Creator: FARESTART
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FARESTART 401(K) PLAN AND TRUST, FARESTART

FARESTARTEIN 91-1546757Plan #001PY 2025

700 VIRGINIA STREET - SEATTLE, WA 98101206-443-1233farestart.orgLinkedIn201-500 employeesindividual & family services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5.3M

+25.6% from 2024

Total participants

156

-3.1% from 2024

Average account balance

$43,589

+19.4% from 2024

Annual return

18.20%

+5.08 pp from 2024

Benchmarks

See 15,542 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort15,542 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.27M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$44K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

121

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

62.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$631K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.20%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$166

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY8 years Service code 15 · EIN 01-0233346	Recordkeeping	$1,686

Plan features & details

Pension benefit codes2E2F2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$20K

$217 / participant

Contract admin$20K100.0%

% of EOY assets

0.382%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLARK NUBER P.S.
Auditor EIN: 911194016
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,589

$76,407-43.0%

$150,298-71.0%

$82,448-47.1%

Participation rate

62.4%

66.4%-4.0pp

77.8%-15.4pp

68.1%-5.7pp

Annual return

18.20%

39.99%-21.8pp

62.79%-44.6pp

41.64%-23.4pp

Employer contribution / active EE

$2,103

$2,614-19.6%

$4,154-49.4%

$2,551-17.6%

Participant deferral / active EE

$4,686

$3,214+45.8%

$5,453-14.1%

$4,139+13.2%

Admin fee / account holder

$166

$6,352-97.4%

$14,116-98.8%

$7,234-97.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY8 years

Service code 15 · EIN 01-0233346

Recordkeeping

$1,686

FARESTART 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FARESTART 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion