Plan Ledger DOL Form 5500 · updated monthly

Franklin Covey Co.401(k)

FRANKLIN COVEY CO. 401(K) PLAN · SALT LAKE CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Franklin Covey Co. reported $152,179 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $2,924 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 0.11% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 58th-largest of 848 plans among Utah employers on file, and the 1,117th of 11,654 in professional & technical services. In 2024, employees put in $3.08 for every $1.00 the employer contributed; active participation has grown from 828 to 918 since 2022.

Plan summary
Net assets, end of year$139,457,002
Participants with balances1,145
Active participants918
Employer contributions$2,684,687
Employee contributions$8,255,914
Employer contribution per active participant$2,924
Average account balance$121,797
Benefits paid to participants$14,041,529
Plan auditUnmodified (clean) audit opinion
AuditorRASMUSON & COMPANY, PC
Plan history3
Yearassets · accounts · employer contribution
2024$139.5M · 1,145 accts · $2.7M emplr
2023$125.1M · 1,101 accts · $2.6M emplr
2022$108.1M · 1,078 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,834
Investment management$30,000
Audit (IQPA)$16,000
Total administrative$152,179
The Franklin Covey Co. 401(k) match · 2024
Employer contribution per active participant$2,924
Median for plans this size$3,635
2024$2,924 per active participant
2023$2,891 per active participant
2022$2,953 per active participant

Franklin Covey Co.'s 2024 employer contribution ran below the $3,635 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
MERRILL LYNCH, PIERCE, FENNER & SMI · Accounting / audit · Contract administrator$102,834
DRIVE WEALTH ADVISORS · Investment advisory (participants) · Investment advisory (plan)$30,000
RASMUSON & COMPANY, PC · Accounting / audit$16,000
JDGLENN & ASSOCIATES, PC · Accounting / audit$3,345

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$152,179 · 0.12%
2023$144,390 · 0.12%
2022$125,020 · 0.11%
Same employer
Similar plansProfessional & Technical Services · Utah
Pluralsight, LLC UT$168.8M · 0.00%
Health Catalyst, Inc. UT$158.7M · 0.14%
Ray Quinney & Nebeker P. C. UT$123.0M · 0.00%
Kirton McConkie UT$108.7M · 0.25%
Fabian van Cott UT$107.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870401551 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.