An assembly of an internally threaded fastener and a stemmed washer is provided, such as for applications in which a standoff is desired between a washer and a mating externally threaded fastener. The stemmed washer includes a washer portion, a retaining portion and a standoff portion. The retaining portion interfaces with the internally threaded fastener to retain the fastener in the assembly. The stemmed washer may include a skirt which is plastically deformed to capture the fastener. The fastener may include a skirt which similarly plastically to mate with a retaining lip on the stemmed washer. The fastener and washer may be secured in the assembly to permit relative rotation of the fastener with respect to the washer.