Plan Ledger DOL Form 5500 · updated monthly

Central Utah Telephone, Inc.401(k)

CENTRAL UTAH TELEPHONE, INC. PROFIT SHARING PLAN · FAIRVIEW, UT · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Central Utah Telephone, Inc. reported $24,616 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,483 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 rose from 0.04% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 259th-largest of 848 plans among Utah employers on file, and the 901st of 2,199 in information & media. In 2024, employees put in $1.09 for every $1.00 the employer contributed; active participation has grown from 133 to 169 since 2022.

Plan summary
Net assets, end of year$24,498,625
Participants with balances187
Active participants169
Employer contributions$926,672
Employee contributions$1,010,488
Employer contribution per active participant$5,483
Average account balance$131,009
Benefits paid to participants$607,481
Plan auditUnmodified (clean) audit opinion
AuditorBLANKENSHIP CPA GROUP, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$24.5M · 187 accts · $927K emplr
2023$20.8M · 147 accts · $695K emplr
2022$17.8M · 142 accts · $610K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,116
Audit (IQPA)$10,500
Total administrative$24,616
The Central Utah Telephone, Inc. 401(k) match · 2024
Employer contribution per active participant$5,483
Median for plans this size$2,416
2024$5,483 per active participant
2023$5,187 per active participant
2022$4,584 per active participant

Central Utah Telephone, Inc.'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
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$14,116
LEE CPA AUDIT GROUP · Accounting / audit$10,500

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$24,616 · 0.11%
2023$18,397 · 0.10%
2022$6,676 · 0.04%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 870258063 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.