Plan Ledger DOL Form 5500 · updated monthly

Becklar, LLC401(k)

BECKLAR, LLC 401(K) PLAN · OGDEN, UT · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Becklar, LLC reported $92,153 in plan administrative expenses for 2024: 0.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,036 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 0.93% to 0.80%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 398th-largest of 848 plans among Utah employers on file, and 7,106th of 11,654 in professional & technical services. In 2024, employees put in $1.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,969,166
Participants with balances287
Active participants748
Employer contributions$774,976
Employee contributions$1,469,173
Employer contribution per active participant$1,036
Average account balance$45,189
Benefits paid to participants$1,059,424
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 287 accts · $775K emplr
2023$10.2M · 286 accts · $760K emplr
2022$7.2M · 277 accts · $652K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$92,153
Total administrative$92,153
The Becklar, LLC 401(k) match · 2024
Employer contribution per active participant$1,036
Median for plans this size$2,416
2024$1,036 per active participant
2023$923 per active participant
2022$880 per active participant

Becklar, LLC's 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$92,152
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp

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$92,153 · 0.80%
2023$66,778 · 0.77%
2022$63,310 · 0.93%
Same employer
Similar plansProfessional & Technical Services · Utah
Testout Corporation UT$13.8M · 0.37%
Fishbowl Solutions LLC UT$13.7M · 0.63%
Stova Group, LLC UT$12.5M · 0.48%
Mid-State Consultants UT$12.5M · 0.70%
Caselle, Inc. UT$12.4M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823526865 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.