Plan Ledger DOL Form 5500 · updated monthly

Lube Management Corp401(k)

LUBE MANAGEMENT CORP 401K SAFE HARBOR RETIREMENT SAVINGS PLAN · SANDY, UT · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Lube Management Corp reported $2,270 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,146 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 0.016% to 0.020%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Utah (435th of 848), and the 1,558th of 3,341 in other services. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has shrunk from 327 to 269 since 2022.

Plan summary
Net assets, end of year$11,126,568
Participants with balances216
Active participants269
Employer contributions$308,213
Employee contributions$452,598
Employer contribution per active participant$1,146
Average account balance$51,512
Benefits paid to participants$1,874,721
Plan auditUnmodified (clean) audit opinion
AuditorRICHY, MAY & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 216 accts · $308K emplr
2023$11.1M · 219 accts · $313K emplr
2022$9.9M · 259 accts · $326K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,270
Total administrative$2,270
The Lube Management Corp 401(k) match · 2024
Employer contribution per active participant$1,146
Median for plans this size$2,416
2024$1,146 per active participant
2023$933 per active participant
2022$996 per active participant

Lube Management Corp's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20241
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$3,695

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,270 · 0.02%
2023$2,740 · 0.03%
2022$1,666 · 0.02%
Same employer
Similar plansOther Services · Utah
Any Hour, Inc. UT$37.9M · 0.48%
Smith Power Products, Inc. UT$32.2M · 0.33%
Wasatch Academy UT$13.6M · 0.32%
The Elmore Group, LTD. UT$13.6M · 0.91%
Action Target, Inc. UT$10.8M · 0.70%
Turn Community Services UT$9.7M · 0.66%
Odyssey House of Utah UT$7.6M · 1.00%
Cascade Services, Inc. UT$6.5M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870626642 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.