Employers › Heritage Financial
Recordkeeping fees per participant · Heritage Financial Corporation 401(k) Profit Sharing Plan and Trust · plan year 2024
$87.16
Higher than 64% of the 5,847 plans $50 to 250M that report it.
= $77,748 / 892
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250723141258NAL0001946003001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723141258NAL0001946003001, received 2025-07-23
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-23.
Administrative expenses excluding investment management, per participant
$127.52
Higher than 67% of the 8,758 plans $50 to 250M that report it.
= $113,748 / 892
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250723141258NAL0001946003001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723141258NAL0001946003001, received 2025-07-23
Administrative expenses per participant
$211.60
Higher than 73% of the 9,042 plans $50 to 250M that report it.
= $188,748 / 892
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250723141258NAL0001946003001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723141258NAL0001946003001, received 2025-07-23
Administrative expenses as a share of assets
0.168%
Higher than 60% of the 9,049 plans $50 to 250M that report it.
= $188,748 / $112,191,768
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250723141258NAL0001946003001, received 2025-07-23
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250723141258NAL0001946003001, received 2025-07-23
Employer contributions per participant
$2,036
Higher than 34% of the 9,105 plans $50 to 250M that report it.
= $1,815,786 / 892
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250723141258NAL0001946003001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723141258NAL0001946003001, received 2025-07-23
Employer share of total contributions
21.5%
Higher than 23% of the 9,112 plans $50 to 250M that report it.
= $1,815,786 / $8,463,383
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250723141258NAL0001946003001, received 2025-07-23
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250723141258NAL0001946003001, received 2025-07-23
Employer match
“The Company makes a matching contribution to participant accounts equal to 50% of the participant’s contribution, up to 6% of the participant’s eligible compensation.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“Employees are eligible to participate in the Plan on the first of the month coincident with or following employment.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, eligibility · source document
Vesting
“Participants are always 100% vested in all contributions and earnings thereon.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250723141258NAL0001946003001, received 2025-07-23
| Field | Value | Source |
|---|---|---|
| Plan sponsor | HERITAGE FINANCIAL CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Plan name | HERITAGE FINANCIAL CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Sponsor EIN / plan number | 91-1857900 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Sponsor location | TACOMA, WA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Filing received | 2025-07-23 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Participants, beginning of year | 1,088 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Active participants | 758 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Participants, end of year | 1,034 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Participants with an account balance | 892 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Total assets, beginning of year | $101,709,110 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Total assets, end of year | $112,191,768 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Net assets, end of year | $112,144,406 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Total income | $23,552,341 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Net income | $10,916,084 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Employer contributions | $1,815,786 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Participant contributions | $6,120,291 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Other contributions (incl. rollovers) | $527,306 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Total contributions | $8,463,383 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Benefit payments | $12,295,350 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Total expenses (incl. benefit payments) | $12,636,257 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Total administrative expenses | $188,748 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Recordkeeping fees | $77,748 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Investment advisory and management fees | $75,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Administrative expenses excluding investment management | $113,748 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Held in common/collective trusts | $6,204,289 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Held in mutual funds | $99,520,889 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250723141258NAL0001946003001, received 2025-07-23 |
| Independent auditor | CROWE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250723141258NAL0001946003001, received 2025-07-23 |
Position = column in the DOL layout for form year 2024. Filing 20250723141258NAL0001946003001, received 2025-07-23.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| NORTHWEST PLAN SERVICESrecordkeeper | NONE | 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees; 15 Recordkeeping and information management; 16 Consulting (general) | $77,818 | no |
| RBC WEALTH MANAGEMENT | NONE | 27 Investment advisory (plan); 26 Investment advisory (participants); 50 Direct payment from the plan | $75,000 | no |
| MATRIX TRUST | NONE | 19 Custodial (securities) | $36,000 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250723141258NAL0001946003001, received 2025-07-23.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $101,709,110 | $112,191,768 | 10.3% |
| Participants with a balance | 940 | 892 | -5.1% |
| Administrative expenses | $177,816 | $188,748 | 6.1% |
| Recordkeeping fees per participant | $63.09 | $87.16 | 38.1% |
| Employer contributions | $1,938,656 | $1,815,786 | -6.3% |
Prior filing 20240715123127NAL0002389696001, received 2024-07-15; the plan years are contiguous.
Sponsor name as filed: HERITAGE FINANCIAL CORPORATION; SEC registrant: HERITAGE FINANCIAL CORP /WA/ (CIK 1046025, matched by EIN; display name from the Form 11-K cover).