Plan Ledger DOL Form 5500 · updated monthly

Complete Merchant Solutions, LLC401(k)

COMPLETE MERCHANT SOLUTIONS 401(K) RET. PLAN · OREM, UT · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Complete Merchant Solutions, LLC reported $18,270 in plan administrative expenses for 2024: 0.20% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,484 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 0.31% to 0.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Utah (461st of 848), and 3,984th of 4,798 in finance & insurance. In 2024, employees put in $1.71 for every $1.00 the employer contributed; active participation has grown from 92 to 110 since 2022.

Plan summary
Net assets, end of year$9,990,681
Participants with balances187
Active participants110
Employer contributions$603,263
Employee contributions$1,034,444
Employer contribution per active participant$5,484
Average account balance$53,426
Benefits paid to participants$1,089,898
Plan auditUnmodified (clean) audit opinion
AuditorTRAVELLER & COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 187 accts · $603K emplr
2023$8.1M · 164 accts · $536K emplr
2022$5.9M · 149 accts · $983K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,270
Total administrative$18,270
The Complete Merchant Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$5,484
Median for plans this size$1,313
2024$5,484 per active participant
2023$5,257 per active participant
2022$10,680 per active participant

Complete Merchant Solutions, LLC's 2024 employer contribution ran above the $1,313 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 · 20241
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$18,270

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$18,270 · 0.20%
2023$15,839 · 0.23%
2022$17,383 · 0.31%
Same employer
Similar plansFinance & Insurance · Utah
First Utah Bancorporation UT$11.2M · 0.42%
Finwise Bank UT$11.0M · 0.47%
Nav Technologies, Inc. UT$9.5M · 0.79%
Foursight Capital, LLC UT$9.2M · 0.65%
Capital Community Bank UT$8.0M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262594461 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.