Plan Ledger DOL Form 5500 · updated monthly

Goengineer, Inc.401(k)

GOENGINEER, INC. RETIREMENT PLAN · MIDVALE, UT · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Goengineer, Inc. reported $256,309 in plan administrative expenses for 2024: 0.34% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,873 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 0.43% to 0.34%. 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 99th-largest of 848 plans among Utah employers on file, and the 1,751st of 11,654 in professional & technical services. In 2024, employees put in $1.53 for every $1.00 the employer contributed; active participation has grown from 300 to 694 since 2022.

Plan summary
Net assets, end of year$85,071,869
Participants with balances781
Active participants694
Employer contributions$3,381,968
Employee contributions$5,170,348
Employer contribution per active participant$4,873
Average account balance$108,927
Benefits paid to participants$6,805,982
Plan auditUnmodified (clean) audit opinion
AuditorHBME, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$85.1M · 781 accts · $3.4M emplr
2023$66.3M · 769 accts · $3.3M emplr
2022$24.6M · 359 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$137,593
Investment management$118,716
Total administrative$256,309
The Goengineer, Inc. 401(k) match · 2024
Employer contribution per active participant$4,873
Median for plans this size$3,635
2024$4,873 per active participant
2023$5,561 per active participant
2022$5,544 per active participant

Goengineer, Inc.'s 2024 employer contribution ran above 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 · 20243
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (participants)$88,716
KESTRA ADVISORY SERVICES · Investment advisory (participants)$30,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$256,309 · 0.34%
2023$258,803 · 0.57%
2022$108,865 · 0.43%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 870563379 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.