Plan Ledger DOL Form 5500 · updated monthly

Intermountain Wood Products, Inc.401(k)

INTERMOUNTAIN WOOD PRODUCTS, INC. 401(K) AND PROFIT SHARING PLAN · SALT LAKE CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.97%

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

Intermountain Wood Products, Inc. reported $85,264 in plan administrative expenses for 2024: 0.97% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,508 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 0.97%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Utah (489th of 848), and 9,175th of 13,661 in manufacturing. In 2024, employees put in $2.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,125,651
Participants with balances138
Active participants145
Employer contributions$218,716
Employee contributions$591,399
Employer contribution per active participant$1,508
Average account balance$66,128
Benefits paid to participants$1,221,432
Plan auditUnmodified (clean) audit opinion
AuditorBIERWOLF & NILSON, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 138 accts · $219K emplr
2023$8.5M · 144 accts · $235K emplr
2022$6.9M · 141 accts · $240K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,155
Investment management$68,109
Total administrative$85,264
The Intermountain Wood Products, Inc. 401(k) match · 2024
Employer contribution per active participant$1,508
Median for plans this size$1,313
2024$1,508 per active participant
2023$1,519 per active participant
2022$1,570 per active participant

Intermountain Wood Products, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20243
MILLIMAN · Recordkeeping · Loan processing$17,155
CAPTRUST INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$68,109
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

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Administrative cost history3
2024$85,264 · 0.97%
2023$76,020 · 0.98%
2022$72,322 · 0.99%
Same employer
Similar plansManufacturing · Utah
Kodiak Cakes, LLC UT$9.7M · 0.39%
Mity-Lite, Inc. UT$9.5M · 0.56%
Thermoworks, Inc. UT$9.4M · 0.79%
Sure Steel, Inc. UT$9.0M · 0.44%
Imsar LLC UT$8.6M · 0.34%
Alfwear, Inc. UT$8.4M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870142510 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.