Plan Ledger DOL Form 5500 · updated monthly

Colorado West Inc.403(b)

MIND SPRINGS EMPLOYEE RETIREMENT PLAN · GRAND JUNCTION, CO · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Colorado West Inc. reported $42,312 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,295 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 0.18% to 0.41%. 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 among the smaller plans on file in Colorado (747th of 1,461), and the 5,435th of 11,911 in health care & social assistance. In 2024, employees put in $1.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,965,348
Participants with balances262
Active participants465
Employer contributions$602,245
Employee contributions$1,068,622
Employer contribution per active participant$1,295
Average account balance$41,852
Benefits paid to participants$1,290,560
Plan auditUnmodified (clean) audit opinion
AuditorDWC
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 262 accts · $602K emplr
2023$9.5M · 263 accts · $533K emplr
2022$8.5M · 285 accts · $315K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,174
Investment management$40,138
Total administrative$42,312
Employer contributions to the Colorado West Inc. plan · 2024
Employer contribution per active participant$1,295
Median for plans this size$2,416
2024$1,295 per active participant
2023$993 per active participant
2022$660 per active participant

Colorado West Inc.'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
DWC · Accounting / audit · Recordkeeping$39,593
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$3,824

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024DWC, OneAmerica
2023OneAmerica

This plan has changed recordkeepers within these filings. If you left Colorado West Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,312 · 0.41%
2023$3,596 · 0.04%
2022$17,376 · 0.18%
Same employer
Similar plansHealth Care & Social Assistance · Colorado
Frasier Meadows Manor, Inc. CO$12.3M · 0.55%
Every Child Pediatrics CO$11.5M · 0.73%
Family Care Center, PLLC CO$10.4M · 0.83%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 264166271 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.