Plan Ledger DOL Form 5500 · updated monthly

John H. Firmage, Inc.401(k)

JOHN H. FIRMAGE, INC. 401(K) PLAN · MURRAY, UT · plan year 2023

Reported admin expense ratio · 2023
0.01%

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

John H. Firmage, Inc. reported $1,223 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,771 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 rose from 0.00% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 360th-largest of 848 plans among Utah employers on file, and the 1,872nd of 5,215 in retail trade. In 2023, employees put in $1.77 for every $1.00 the employer contributed; active participation has grown from 201 to 231 since 2022.

Plan summary
Net assets, end of year$15,339,837
Participants with balances165
Active participants231
Employer contributions$409,065
Employee contributions$724,414
Employer contribution per active participant$1,771
Average account balance$92,969
Benefits paid to participants$3,098,642
Plan auditUnmodified (clean) audit opinion
AuditorBOUNTIFUL PEAK ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$14.6M · 156 accts · $418K emplr
2023$15.3M · 165 accts · $409K emplr
2022$15.3M · 160 accts · $358K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,223
Total administrative$1,223
The John H. Firmage, Inc. 401(k) match · 2023
Employer contribution per active participant$1,771
Median for plans this size$2,440
2024$1,893 per active participant
2023$1,771 per active participant
2022$1,783 per active participant

John H. Firmage, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
DIGITAL RETIREMENT SOLUTIONS, INC. · Claims processing · Recordkeeping$1,174
MATRIX FINANCIAL SOLUTIONS, INC. · Custodial · Trustee$50

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

Recordkeeper by year2
2024July Business Services
2023DIGITAL RETIREMENT SOLUTIONS, INC.

This plan has changed recordkeepers within these filings. If you left John H. Firmage, Inc. 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$1,852 · 0.01%
2023$1,223 · 0.01%
2022$445 · 0.00%
Same employer
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Mark Miller Subaru, Inc. UT$18.0M · 0.64%
Peak Industrial Inc. UT$17.3M · 0.54%
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Source: U.S. Department of Labor, Form 5500 series, EIN 870481688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.