Plan Ledger DOL Form 5500 · updated monthly

Arnold Machinery Company401(k)

ARNOLD MACHINERY COMPANY PROFIT SHARING AND RETIREMENT SAVINGS PLAN · SALT LAKE CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Arnold Machinery Company reported $12,897 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,111 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 fell from 0.06% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 139th-largest of 848 plans among Utah employers on file, and the 607th of 5,215 in retail trade. In 2024, employees put in $2.74 for every $1.00 the employer contributed; active participation has grown from 639 to 714 since 2022.

Plan summary
Net assets, end of year$55,084,177
Participants with balances861
Active participants714
Employer contributions$1,506,930
Employee contributions$4,124,654
Employer contribution per active participant$2,111
Average account balance$63,977
Benefits paid to participants$4,704,599
Plan auditUnmodified (clean) audit opinion
AuditorHBME, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$55.1M · 861 accts · $1.5M emplr
2023$48.1M · 815 accts · $1.3M emplr
2022$37.9M · 728 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,897
Total administrative$12,897
The Arnold Machinery Company 401(k) match · 2024
Employer contribution per active participant$2,111
Median for plans this size$3,635
2024$2,111 per active participant
2023$1,900 per active participant
2022$1,756 per active participant

Arnold Machinery Company's 2024 employer contribution ran below the $3,635 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$12,897

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$12,897 · 0.03%
2023$16,066 · 0.04%
2022$20,586 · 0.06%
Same employer
Similar plansRetail Trade · Utah
Harmon City, Inc. UT$97.8M · 0.38%
Doterra International LLC UT$83.2M · 0.31%
1-800 Contacts, Inc. UT$73.0M · 0.36%
Transport Equipment Company UT$68.7M · 0.21%
Cricut, Inc. UT$53.4M
Stampin Up Inc. UT$48.3M · 0.30%
Backcountry.com, LLC UT$43.6M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870112120 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.