Plan Ledger DOL Form 5500 · updated monthly

dba Employers Council401(k)

MOUNTAIN STATES EMPLOYERS COUNCIL, INC. THRIFT PLAN & TRUST · DENVER, CO · plan year 2023

Reported admin expense ratio · 2023
0.08%

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

dba Employers Council reported $16,430 in plan administrative expenses for 2023: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,424 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 0.07% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 502nd-largest of 1,461 plans among Colorado employers on file, and the 5,419th of 11,654 in professional & technical services. In 2023, employees put in $1.43 for every $1.00 the employer contributed; active participation has shrunk from 140 to 111 since 2022.

Plan summary
Net assets, end of year$20,765,373
Participants with balances163
Active participants111
Employer contributions$491,105
Employee contributions$701,443
Employer contribution per active participant$4,424
Average account balance$127,395
Benefits paid to participants$3,947,416
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.1M · 167 accts · $635K emplr
2023$20.8M · 163 accts · $491K emplr
2022$20.3M · 168 accts · $489K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,430
Total administrative$16,430
The dba Employers Council 401(k) match · 2023
Employer contribution per active participant$4,424
Median for plans this size$2,440
2024$3,919 per active participant
2023$4,424 per active participant
2022$3,493 per active participant

dba Employers Council's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MILLIMAN, INC. · Recordkeeping · Pension consulting$16,430
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)indirect comp
CHARLES SCHWAB & CO, INC. · Custodial · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$17,918 · 0.09%
2023$16,430 · 0.08%
2022$16,661 · 0.07%
Same employer
Similar plansProfessional & Technical Services · Colorado
Samba Holdings, Inc. CO$21.2M · 0.77%
Monigle Associates, Inc. CO$20.6M · 0.13%
Norris Design, Inc. CO$20.5M · 0.23%
Sterling-Rice Group, Inc. CO$20.4M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840172643 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.