Plan Ledger DOL Form 5500 · updated monthly

Intermountain Ironworkers Tax Deferral PlanDC plan

INTERMOUNTAIN IRONWORKERS' TAX DEFERRAL PLAN · MURRAY, UT · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Intermountain Ironworkers Tax Deferral Plan reported $623,429 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,637 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 3 years on file its reported administrative ratio has held roughly steady near 0.56%. 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 72nd-largest of 848 plans among Utah employers on file, and the 880th of 4,798 in finance & insurance. active participation has grown from 1,356 to 4,100 since 2022.

Plan summary
Net assets, end of year$118,405,781
Participants with balances4,037
Active participants4,100
Employer contributions$10,809,857
Employee contributions—
Employer contribution per active participant$2,637
Average account balance$29,330
Benefits paid to participants$8,003,590
Plan auditUnmodified (clean) audit opinion
AuditorHAYNIE AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$118.4M · 4,037 accts · $10.8M emplr
2023$103.7M · $9.9M emplr
2022$87.9M · $9.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$190,742
Investment management$151,534
Total administrative$623,429
Employer contributions to the Intermountain Ironworkers Tax Deferral Plan plan · 2024
Employer contribution per active participant$2,637
Median for plans this size$3,635
2024$2,637 per active participant
2023$8,026 per active participant
2022$6,964 per active participant

Intermountain Ironworkers Tax Deferral Plan's 2024 employer contribution ran below 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 · 20247
BENESYS ADMINISTRATORS · Recordkeeping$118,976
COMPUSYS OF UTAH · Claims processing · Plan administrator$71,767
MONDRESS MONACO PARR LOCKWOOD · Legal$128,165
HAYNIE & COMPANY · Accounting / audit$39,135
NEPC, LLC · Legal$29,140
RAEL & LETSON · Consulting$24,495
DEBOER & ASSOCIATES, P.C. · Accounting / audit$6,143

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

Recordkeeper by year2
2024BENESYS ADMINISTRATORS, COMPUSYS OF UTAH
2023COMPUSYS OF UTAH

This plan has changed recordkeepers within these filings. If you left Intermountain Ironworkers Tax Deferral Plan before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$623,429 · 0.56%
2023$522,868 · 0.55%
2022$514,538 · 0.54%
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Source: U.S. Department of Labor, Form 5500 series, EIN 621473489 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.