Plan Ledger DOL Form 5500 · updated monthly

Awardco, Inc.401(k)

AWARDCO, INC. 401(K) PLAN · OREM, UT · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

Awardco, Inc. reported $31,665 in plan administrative expenses for 2024: 0.81% of average plan assets, above the peer median. Employer contributions averaged $624 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 0.63% to 0.81%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Utah (597th of 848), and 9,682nd of 11,654 in professional & technical services. In 2024, employees put in $4.73 for every $1.00 the employer contributed; active participation has grown from 391 to 516 since 2022.

Plan summary
Net assets, end of year$5,310,341
Participants with balances279
Active participants516
Employer contributions$321,806
Employee contributions$1,523,347
Employer contribution per active participant$624
Average account balance$19,033
Benefits paid to participants$214,158
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.3M · 279 accts · $322K emplr
2023$2.5M · 170 accts · $202K emplr
2022$692K · 95 accts · $19K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,966
Investment management$16,699
Total administrative$31,665
The Awardco, Inc. 401(k) match · 2024
Employer contribution per active participant$624
Median for plans this size$1,313
2024$624 per active participant
2023$504 per active participant
2022$49 per active participant

Awardco, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 · 20242
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$16,694
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$14,965

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

Administrative cost history3
2024$31,665 · 0.81%
2023$16,817 · 1.06%
2022$3,025 · 0.63%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 301282598 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.