Employers › WaFd
Recordkeeping fees per participant · Washington Federal Bank 401(k) Plan · plan year 2024
$56.42
Higher than 40% of the 5,847 plans $50 to 250M that report it.
= $152,401 / 2,701
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250822180758NAL0005534465001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822180758NAL0005534465001, received 2025-08-22
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 2025-08-22.
Administrative expenses excluding investment management, per participant
$87.77
Higher than 46% of the 8,758 plans $50 to 250M that report it.
= $237,054 / 2,701
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250822180758NAL0005534465001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822180758NAL0005534465001, received 2025-08-22
Administrative expenses per participant
$136.04
Higher than 51% of the 9,042 plans $50 to 250M that report it.
= $367,437 / 2,701
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250822180758NAL0005534465001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822180758NAL0005534465001, received 2025-08-22
Administrative expenses as a share of assets
0.163%
Higher than 59% of the 9,049 plans $50 to 250M that report it.
= $367,437 / $225,206,804
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250822180758NAL0005534465001, received 2025-08-22
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250822180758NAL0005534465001, received 2025-08-22
Employer contributions per participant
$3,298
Higher than 60% of the 9,105 plans $50 to 250M that report it.
= $8,907,066 / 2,701
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250822180758NAL0005534465001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822180758NAL0005534465001, received 2025-08-22
Employer share of total contributions
27.0%
Higher than 41% of the 9,112 plans $50 to 250M that report it.
= $8,907,066 / $33,002,496
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250822180758NAL0005534465001, received 2025-08-22
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250822180758NAL0005534465001, received 2025-08-22
Plan terms are described in WaFd, Inc.'s SEC filings: Form 11-K filed 2026-06-18 and Form 10-K filed 2025-11-18. No term could be quoted from them with the required precision.
2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250822180758NAL0005534465001, received 2025-08-22
| Field | Value | Source |
|---|---|---|
| Plan sponsor | WASHINGTON FEDERAL BANK | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Plan name | WASHINGTON FEDERAL BANK 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Sponsor EIN / plan number | 91-0135860 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Sponsor location | SEATTLE, WA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Filing received | 2025-08-22 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Participants, beginning of year | 2,635 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Active participants | 2,211 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Participants, end of year | 2,780 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Participants with an account balance | 2,701 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Total assets, beginning of year | $190,279,623 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Total assets, end of year | $225,206,804 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Net assets, end of year | $225,206,804 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Total income | $57,084,619 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Net income | $34,927,181 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Employer contributions | $8,907,066 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Participant contributions | $12,553,781 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Other contributions (incl. rollovers) | $11,541,649 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Total contributions | $33,002,496 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Benefit payments | $21,772,918 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Total expenses (incl. benefit payments) | $22,157,438 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Total administrative expenses | $367,437 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Contract administrator fees | $1,800 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Recordkeeping fees | $152,401 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| IQPA audit fees | $40,950 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Investment advisory and management fees | $130,383 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Administrative expenses excluding investment management | $237,054 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Held in common/collective trusts | $18,739,472 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Held in mutual funds | $199,574,380 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250822180758NAL0005534465001, received 2025-08-22 |
| Independent auditor | WEAVER AND TIDWELL, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250822180758NAL0005534465001, received 2025-08-22 |
Position = column in the DOL layout for form year 2024. Filing 20250822180758NAL0005534465001, received 2025-08-22.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 25 Trustee (directed); 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $164,024 | yes |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $74,016 | no |
| UBS FINANCIAL SERVICES | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $56,717 | no |
| PLANTE & MORAN, PLLC | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $40,950 | no |
| HARLOWE & FALK LLP | ATTORNEY/LEGAL | 29 Legal | $31,730 | 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 20250822180758NAL0005534465001, received 2025-08-22.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $190,279,623 | $225,206,804 | 18.4% |
| Participants with a balance | 2,617 | 2,701 | 3.2% |
| Administrative expenses | $313,774 | $367,437 | 17.1% |
| Recordkeeping fees per participant | $55.61 | $56.42 | 1.5% |
| Employer contributions | $7,584,838 | $8,907,066 | 17.4% |
Prior filing 20240927155823NAL0004196016001, received 2024-09-27; the plan years are contiguous.
Sponsor name as filed: WASHINGTON FEDERAL BANK; SEC registrant: WAFD INC (CIK 936528, matched by 11-K plan title; display name from the Form 11-K cover).