Goodwill Industries of the Inland Northwest 401(k) Review & Grade
Goodwill Industries Employee Savings Plan
Spokane, WAOther Services600 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$625Employer $ per active participant
$819Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$5.6MNet plan assets, end of year
$16,436Average balance per account
Score breakdown
- Employer generosity16.6 / 5033th percentile for employer $ per participant
- Low cost19.4 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 77th |
| Employee saving | 19th |
| 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 Industries of the Inland Northwest put in about $625 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $374,484 |
| Participant (employee) contributions | $490,701 |
| Other contributions (incl. rollovers in) | $33,210 |
| Administrative expenses paid from the plan | $4,400 |
| Benefits paid out | $378,896 |
| Net assets, start / end of year | $4.5M / $5.6M |
| Active participants, start / end of year | 642 / 557 |
| Participants with account balances | 343 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Anastasi Moore & Martin PLLC |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009112800NAL0011360128001, received 2025-10-09, EIN 91-0597006, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.