Plan Ledger DOL Form 5500 · updated monthly

Electric Power Systems Inc401(k)

ELECTRIC POWER SYSTEMS INC. 401(K) PLAN · NORTH LOGAN, UT · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Electric Power Systems Inc reported $15,201 in plan administrative expenses for 2024: 0.42% of average plan assets, below the peer median. Employer contributions averaged $3,735 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 0.68% to 0.42%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Utah (653rd of 848), and 11,767th of 13,661 in manufacturing. In 2024, employees put in $2.37 for every $1.00 the employer contributed; active participation has shrunk from 115 to 79 since 2022.

Plan summary
Net assets, end of year$3,948,831
Participants with balances161
Active participants79
Employer contributions$295,074
Employee contributions$698,938
Employer contribution per active participant$3,735
Average account balance$24,527
Benefits paid to participants$768,137
Plan auditUnmodified (clean) audit opinion
AuditorCOOK MARTIN POULSON P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 161 accts · $295K emplr
2023$3.2M · 175 accts · $286K emplr
2022$1.9M · 182 accts · $274K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,420
Investment management$12,781
Total administrative$15,201
The Electric Power Systems Inc 401(k) match · 2024
Employer contribution per active participant$3,735
Median for plans this size$1,313
2024$3,735 per active participant
2023$2,628 per active participant
2022$2,380 per active participant

Electric Power Systems Inc'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 · 20242
DRIVE WEALTH MANAGEMENT · Recordkeeping · Trustee$12,781
ADP, INC. · Loan processing · Recordkeeping$2,420

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

Recordkeeper by year2
2024ADP, DRIVE WEALTH MANAGEMENT
2023ADP, FORESIGHT WEALTH MANAGEMENT

This plan has changed recordkeepers within these filings. If you left Electric Power Systems 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$15,201 · 0.42%
2023$13,757 · 0.53%
2022$11,104 · 0.68%
Similar plansManufacturing · Utah
Teraflex, Inc. UT$4.5M · 0.94%
Msc Group Holdings, LLC UT$4.0M · 0.78%
Wheat Holdings, LLC. UT$4.0M · 1.39%
Handstands Promo, LLC UT$3.5M · 0.54%
Ust, LLC UT$3.3M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842193137 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.