Plan Ledger DOL Form 5500 · updated monthly

Ion Solar401(k)

THE FORESIGHT MEP 401(K) PLAN · PROVO, UT · plan year 2023

Reported admin expense ratio · 2023
1.57%

Ion Solar reported $8,191 in plan administrative expenses for 2023: 1.57% of average plan assets, above the peer median. 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 rose from 1.26% to 1.57%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in Utah (811th of 848), and 410th of 412 in utilities. active participation has shrunk from 733 to 590 since 2022.

Plan summary
Net assets, end of year$735,360
Participants with balances308
Active participants590
Employer contributions—
Employee contributions$405,587
Employer contribution per active participant—
Average account balance$2,388
Benefits paid to participants$98,709
Plan auditUnmodified (clean) audit opinion
AuditorTRAVELLER & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$735K · 308 accts
2022$311K · 224 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,840
Investment management$3,351
Total administrative$8,191
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.

Administrative cost history3
2024Not separately reported
2023$8,191 · 1.57%
2022$2,087 · 1.26%
Same employer
Similar plansUtilities · Utah
Cyrq Energy, LLC UT$12.6M · 0.44%
Dalbo Holdings, Inc. UT$2.9M · 0.72%
Forbes Bros. USA, Inc. CO$1.3M · 1.49%
Jw Powerline, LLC VA$741K · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814578913 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.