Plan Ledger DOL Form 5500 · updated monthly

Bailey's Holding Company, Inc.401(k)

BAILEY'S MOVING & STORAGE 401(K) AND PROFIT SHARING PLAN · NORTH SALT LAKE, UT · plan year 2023

Reported admin expense ratio · 2023
0.47%

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

Bailey's Holding Company, Inc. reported $31,686 in plan administrative expenses for 2023: 0.47% of average plan assets, below the peer median. Employer contributions averaged $490 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 1 year on file its reported administrative ratio fell from 0.52% to 0.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Utah (520th of 848), and the 1,325th of 2,677 in transportation & warehousing. In 2023, employees put in $4.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,633,419
Participants with balances152
Active participants329
Employer contributions$161,305
Employee contributions$736,365
Employer contribution per active participant$490
Average account balance$50,220
Benefits paid to participants$433,561
Plan auditUnmodified (clean) audit opinion
AuditorHBME, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$7.6M · 152 accts · $161K emplr
2022$6.0M · 150 accts · $136K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$31,686
Total administrative$31,686
The Bailey's Holding Company, Inc. 401(k) match · 2023
Employer contribution per active participant$490
Median for plans this size$1,308
2023$490 per active participant
2022$350 per active participant

Bailey's Holding Company, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$19,345
NATIONAL BENEFIT SERVICES, LLC · Contract administrator$2,900

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

Administrative cost history2
2023$31,686 · 0.47%
2022$34,076 · 0.52%
Similar plansTransportation & Warehousing · Utah
Maxway Trucking, Inc. UT$13.1M · 0.73%
Pride Transport, Inc. UT$9.0M · 0.97%
Alpine Aviation, Inc. UT$8.1M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870221607 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.