Plan Ledger DOL Form 5500 · updated monthly

Audio Enhancement, Inc.401(k)

AUDIO ENHANCEMENT 401(K) PLAN · BLUFFDALE, UT · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Audio Enhancement, Inc. reported $57,293 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,441 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 3 years on file its reported administrative ratio has held roughly steady near 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 406th-largest of 848 plans among Utah employers on file, and the 2,214th of 5,215 in retail trade. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 105 to 209 since 2022.

Plan summary
Net assets, end of year$12,481,721
Participants with balances258
Active participants209
Employer contributions$510,098
Employee contributions$1,109,708
Employer contribution per active participant$2,441
Average account balance$48,379
Benefits paid to participants$237,381
Plan auditUnmodified (clean) audit opinion
AuditorCOOK MARTIN POULSON, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 258 accts · $510K emplr
2023$9.4M · 175 accts · $387K emplr
2022$7.0M · 109 accts · $291K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,293
Total administrative$57,293
The Audio Enhancement, Inc. 401(k) match · 2024
Employer contribution per active participant$2,441
Median for plans this size$2,416
2024$2,441 per active participant
2023$2,463 per active participant
2022$2,774 per active participant

Audio Enhancement, Inc.'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 · 20241
JOHN HANCOCK LIFE INS CO · Recordkeeping · Investment management$752

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$57,293 · 0.52%
2023$46,737 · 0.57%
2022$39,442 · 0.55%
Same employer
Similar plansRetail Trade · Utah
John H. Firmage, Inc. UT$15.3M · 0.01%
Younique, LLC UT$15.3M · 0.53%
Wittwer, Inc. UT$13.3M · 0.79%
Lee's Marketplace UT$12.1M · 0.56%
Siskin Enterprises, Inc. UT$10.5M · 0.42%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 263421056 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.