Plan Ledger DOL Form 5500 · updated monthly

Intercap Lending, Inc.401(k)

INTERCAP LENDING 401(K) RETIREMENT PLAN · DRAPER, UT · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Intercap Lending, Inc. reported $100,685 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,637 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 2 years on file its reported administrative ratio fell from 0.62% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 313th-largest of 848 plans among Utah employers on file, and 3,145th of 4,798 in finance & insurance. In 2024, employees put in $3.99 for every $1.00 the employer contributed; active participation has shrunk from 399 to 314 since 2022.

Plan summary
Net assets, end of year$19,075,874
Participants with balances438
Active participants314
Employer contributions$513,912
Employee contributions$2,050,274
Employer contribution per active participant$1,637
Average account balance$43,552
Benefits paid to participants$2,850,616
Plan auditUnmodified (clean) audit opinion
AuditorJONES SIMKINS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$19.1M · 438 accts · $514K emplr
2023$17.3M · 420 accts · $547K emplr
2022$13.6M · 335 accts · $633K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,238
Investment management$4,288
Total administrative$100,685
The Intercap Lending, Inc. 401(k) match · 2024
Employer contribution per active participant$1,637
Median for plans this size$2,416
2024$1,637 per active participant
2023$1,628 per active participant
2022$1,587 per active participant

Intercap Lending, Inc.'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.

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
JOHN HANCOCK TRUST COMPANY, LLC · Recordkeeping$37,592
EDWARD D. JONES & CO., L.P. · Investment management$42,719
UNITED 401(K) PLANS, INC. · Plan administrator$7,510
WILSHIRE ASSOCIATES INC. · Investment management$3,417

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$100,685 · 0.55%
2023$89,058 · 0.58%
2022$85,311 · 0.62%
Same employer
Similar plansFinance & Insurance · Utah
Cache Valley Bank UT$22.4M · 0.40%
Wcf Mutual Insurance Co. UT$20.2M · 0.02%
Woodbury Corporation UT$19.9M · 0.55%
Gps Capital Markets, Inc. UT$17.9M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850260899 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.