Plan Ledger DOL Form 5500 · updated monthly

Infotrax Systems401(k)

INFOTRAX 401(K) PLAN · OREM, UT · plan year 2023

Reported admin expense ratio · 2023
0.21%

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

Infotrax Systems reported $23,645 in plan administrative expenses for 2023: 0.21% of average plan assets, below the peer median. Employer contributions averaged $9,637 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 1 year on file its reported administrative ratio fell from 0.79% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 420th-largest of 848 plans among Utah employers on file, and 7,521st of 11,654 in professional & technical services. In 2023, the employer put in $2.06 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$11,566,338
Participants with balances97
Active participants44
Employer contributions$424,009
Employee contributions$205,334
Employer contribution per active participant$9,637
Average account balance$119,241
Benefits paid to participants$1,711,901
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$11.6M · 97 accts · $424K emplr
2022$10.7M · 116 accts · $287K emplr
Administrative expenses, itemized · 2023
Investment management$23,345
Total administrative$23,645
The Infotrax Systems 401(k) match · 2023
Employer contribution per active participant$9,637
Median for plans this size$2,440
2023$9,637 per active participant
2022$6,379 per active participant

Infotrax Systems's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ALLIANCE BENEFIT GROUP ROCKY MTN · Recordkeeping · Contract administrator$300
KESTRA ADVISORY SERVICES LLC · Investment advisory (plan)$23,345

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

Administrative cost history2
2023$23,645 · 0.21%
2022$96,883 · 0.79%
Similar plansProfessional & Technical Services · Utah
Stova Group, LLC UT$12.5M · 0.48%
Mid-State Consultants UT$12.5M · 0.70%
Caselle, Inc. UT$12.4M · 0.51%
Elementum LTD UT$11.9M · 0.06%
Elementum Scm, Inc. UT$11.3M · 0.00%
Dental Intelligence, Inc. UT$10.6M · 0.86%
Executech Utah, LLC UT$10.4M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870584415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.