Plan Ledger DOL Form 5500 · updated monthly

Employee Benefits Leasing, Inc.401(k)

EMPLOYEE BENEFITS LEASING, INC. 401(K) PLAN · OREM, UT · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Employee Benefits Leasing, Inc. reported $37,585 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $1,745 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 0.69% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Utah (456th of 848), and 3,081st of 5,337 in construction. In 2024, employees put in $1.52 for every $1.00 the employer contributed; active participation has grown from 196 to 328 since 2022.

Plan summary
Net assets, end of year$10,109,157
Participants with balances189
Active participants328
Employer contributions$572,349
Employee contributions$871,394
Employer contribution per active participant$1,745
Average account balance$53,488
Benefits paid to participants$510,737
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTON LARSEN ALLEN
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 189 accts · $572K emplr
2023$8.2M · 173 accts · $511K emplr
2022$6.3M · 172 accts · $328K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,585
Total administrative$37,585
The Employee Benefits Leasing, Inc. 401(k) match · 2024
Employer contribution per active participant$1,745
Median for plans this size$1,313
2024$1,745 per active participant
2023$2,051 per active participant
2022$1,673 per active participant

Employee Benefits Leasing, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size. 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$37,584
EDWARD JONES · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$37,585 · 0.41%
2023$34,442 · 0.48%
2022$41,000 · 0.69%
Same employer
Similar plansConstruction · Utah
Wadman Corporation UT$10.9M · 0.37%
Hadco Construction UT$10.6M · 0.85%
Lumio Hx, Inc. UT$10.4M · 1.13%
Hhi Corporation UT$10.4M · 0.50%
Umc, Inc. UT$9.2M · 0.24%
Bh Inc UT$9.1M · 0.57%
Gunthers, Inc. UT$9.0M · 0.20%
Broken Arrow Incorporated UT$7.5M · 0.22%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 270016253 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.