Plan Ledger DOL Form 5500 · updated monthly

Helpside Inc.401(k)

HELPSIDE INC. 401(K) PLAN · LINDON, UT · plan year 2024

Reported admin expense ratio · 2024
0.97%

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

Helpside Inc. reported $2,096,121 in plan administrative expenses for 2024: 0.97% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,204 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 1.03% to 0.97%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 31st-largest of 848 plans among Utah employers on file, and the 524th of 4,798 in finance & insurance. In 2024, employees put in $2.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$233,939,411
Participants with balances7,907
Active participants9,010
Employer contributions$10,851,912
Employee contributions$25,923,159
Employer contribution per active participant$1,204
Average account balance$29,586
Benefits paid to participants$23,651,795
Plan auditUnmodified (clean) audit opinion
AuditorK&C, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$233.9M · 7,907 accts · $10.9M emplr
2023$197.9M · 7,810 accts · $9.2M emplr
2022$157.9M · 7,177 accts · $8.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,096,121
Total administrative$2,096,121
The Helpside Inc. 401(k) match · 2024
Employer contribution per active participant$1,204
Median for plans this size$3,635
2024$1,204 per active participant
2023$942 per active participant
2022$881 per active participant

Helpside Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20245
NATIONAL BENEFIT SERVICES, LLC · Recordkeeping · Loan processing$681,599
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$613,684
401(K) BELAY, LLC · Pension consulting$759,926
WEALTH PLAN INVESTMENT MANAGEMENT, · Investment advisory (plan)$65,335
HELPSIDE, INC.$14,363

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

Recordkeeper by year2
2024NATIONAL BENEFIT SERVICES, LLC, Transamerica
2023NATIONAL BENEFIT SERVICES, LLC, Transamerica

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

Administrative cost history3
2024$2,096,121 · 0.97%
2023$1,813,492 · 1.02%
2022$1,730,228 · 1.03%
Same employer
Similar plansFinance & Insurance · Utah
Academy Mortgage Corporation UT$161.0M · 0.20%
America First Credit Union UT$143.0M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870476353 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.