Plan Ledger DOL Form 5500 · updated monthly

Canyon View Medical Group Lc401(k)

CANYON VIEW MEDICAL GROUP LC 401K & PSP · SPANISH FORK, UT · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Canyon View Medical Group Lc reported $109,180 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $6,765 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 0.38% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 177th-largest of 848 plans among Utah employers on file, and the 2,270th of 11,911 in health care & social assistance. In 2024, the employer put in $1.19 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$39,264,938
Participants with balances290
Active participants179
Employer contributions$1,210,949
Employee contributions$1,019,729
Employer contribution per active participant$6,765
Average account balance$135,396
Benefits paid to participants$2,739,833
Plan auditDisclaimer of opinion
AuditorGILBERT & STEWART
Plan history3
Yearassets · accounts · employer contribution
2024$39.3M · 290 accts · $1.2M emplr
2023$34.5M · 268 accts · $1.1M emplr
2022$28.6M · 258 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,347
Investment management$22,190
Total administrative$109,180
The Canyon View Medical Group Lc 401(k) match · 2024
Employer contribution per active participant$6,765
Median for plans this size$2,416
2024$6,765 per active participant
2023$6,010 per active participant
2022$7,239 per active participant

Canyon View Medical Group Lc's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
TRUSTED BUSINESS ADVISOR GROUP$22,190
TREK FINANCIAL LLCindirect 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$109,180 · 0.30%
2023$118,855 · 0.38%
2022$122,444 · 0.38%
Same employer
Similar plansHealth Care & Social Assistance · Utah
Wasatch Pediatrics, Inc. UT$68.8M · 0.10%
Bristol Hospice UT$49.2M · 0.45%
Foothill Clinic, LLC UT$34.7M · 0.01%
Avalon Health Care, Inc. UT$34.4M · 1.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841367175 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.