Plan Ledger DOL Form 5500 · updated monthly

Best Friends Animal Society401(k)

BEST FRIENDS ANIMAL SOCIETY 401(K) SAVINGS PLAN · KANAB, UT · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Best Friends Animal Society reported $141,974 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $3,017 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 0.35% to 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 117th-largest of 848 plans among Utah employers on file, and the 292nd of 3,341 in other services. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 784 to 929 since 2022.

Plan summary
Net assets, end of year$70,898,712
Participants with balances1,214
Active participants929
Employer contributions$2,803,112
Employee contributions$5,137,188
Employer contribution per active participant$3,017
Average account balance$58,401
Benefits paid to participants$5,640,956
Plan auditUnmodified (clean) audit opinion
AuditorTANNER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$70.9M · 1,214 accts · $2.8M emplr
2023$59.4M · 1,075 accts · $2.6M emplr
2022$46.0M · 971 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,730
Investment management$61,244
Total administrative$141,974
The Best Friends Animal Society 401(k) match · 2024
Employer contribution per active participant$3,017
Median for plans this size$3,635
2024$3,017 per active participant
2023$3,143 per active participant
2022$2,602 per active participant

Best Friends Animal Society'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$80,730
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$61,244

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$141,974 · 0.22%
2023$98,588 · 0.19%
2022$171,377 · 0.35%
Same employer
Similar plansOther Services · Utah
Alsco Inc. UT$345.8M · 0.11%
Healthequity, Inc. UT$297.0M · 0.12%
Vivint, Inc. UT$134.7M · 0.33%
Children's Miracle Network UT$53.3M · 0.26%
Any Hour, Inc. UT$37.9M · 0.48%
Smith Power Products, Inc. UT$32.2M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237147797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.