Harman Management CorporationProfit-sharing plan
PROFIT-SHARING PLAN OF HARMAN MANAGEMENT CORPORATION · SALT LAKE CITY, UT · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Harman Management Corporation reported $15,310 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,683 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 0.01% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 261st-largest of 848 plans among Utah employers on file, and the 4,860th of 11,654 in professional & technical services.
Harman Management Corporation's 2024 employer contribution ran below the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 870272917 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.