Plan Ledger DOL Form 5500 · updated monthly

3FORM LLC401(k)

3FORM 401(K) PLAN · SALT LAKE CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.48%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

3FORM LLC reported $152,498 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,046 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.17% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 207th-largest of 848 plans among Utah employers on file, and the 1,424th of 5,337 in construction. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,280,557
Participants with balances576
Active participants367
Employer contributions$1,117,710
Employee contributions$2,115,587
Employer contribution per active participant$3,046
Average account balance$57,779
Benefits paid to participants$3,686,146
Plan auditUnmodified (clean) audit opinion
AuditorTANNER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$33.3M · 576 accts · $1.1M emplr
2023$29.8M · 605 accts · $1.1M emplr
2022$24.9M · 729 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,385
Investment management$56,835
Audit (IQPA)$7,278
Total administrative$152,498
The 3FORM LLC 401(k) match · 2024
Employer contribution per active participant$3,046
Median for plans this size$2,416
2024$3,046 per active participant
2023$2,842 per active participant
2022$4,607 per active participant

3FORM LLC's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$88,385
RAYMOND JAMES AND ASSOCIATES · Investment advisory (plan)$56,835
TANNER LLC · Accounting / audit · Investment advisory (plan)$7,278

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$152,498 · 0.48%
2023$137,306 · 0.50%
2022$47,146 · 0.17%
Same employer
Similar plansConstruction · Utah
Woodside Group, LLC UT$56.4M · 0.27%
Taylor Electric, Inc. UT$50.8M · 0.06%
Kelso Industries, LLC UT$36.9M · 0.19%
R & O Construction UT$26.4M · 0.39%
R.C. Hunt Electric, Inc. UT$26.4M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463882269 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.