Plan Ledger DOL Form 5500 · updated monthly

Broken Arrow Incorporated401(k)

THE FORESIGHT MEP 401(K) PLAN · LAKE POINT, UT · plan year 2022

Reported admin expense ratio · 2022
0.22%

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

Broken Arrow Incorporated reported $18,016 in plan administrative expenses for 2022: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,623 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Utah (525th of 848), and 3,484th of 5,337 in construction. In 2022, employees put in $1.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,467,387
Participants with balances83
Active participants122
Employer contributions$198,030
Employee contributions$392,665
Employer contribution per active participant$1,623
Average account balance$89,969
Benefits paid to participants$606,667
Plan auditUnmodified (clean) audit opinion
AuditorJONES SIMKINS
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$8,646
Investment management$9,370
Total administrative$18,016
The Broken Arrow Incorporated 401(k) match · 2022
Employer contribution per active participant$1,623
Median for plans this size$1,114

Broken Arrow Incorporated's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$18,016 · 0.22%
Same employer
Similar plansConstruction · Utah
Umc, Inc. UT$9.2M · 0.24%
Bh Inc UT$9.1M · 0.57%
Gunthers, Inc. UT$9.0M · 0.20%
Kimball Management UT$7.1M · 0.53%
Colt Builders Corp. UT$7.1M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870302821 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.