Plan Ledger DOL Form 5500 · updated monthly

Mid-State ConsultantsESOP

MID-STATE CONSULTANTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · NEPHI, UT · plan year 2023

Reported admin expense ratio · 2023
0.70%

Mid-State Consultants reported $84,595 in plan administrative expenses for 2023: 0.70% of average plan assets, higher than ~90% of peers. 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 0.54% to 0.70%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 407th-largest of 848 plans among Utah employers on file, and 7,242nd of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$12,477,055
Participants with balances173
Active participants158
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$72,122
Plan auditUnmodified (clean) audit opinion
AuditorLARSON & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$12.5M · 173 accts
2022$11.8M · 173 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$84,595
Total administrative$84,595
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 · 20235
PFG · Accounting / audit$58,539
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$36,189
JOHN ZOLLO · Consulting$16,000
LARSON & COMPANY, P.C. · Other services$10,056
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$4,828

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

Administrative cost history3
2024Not separately reported
2023$84,595 · 0.70%
2022$132,028 · 0.54%
Similar plansProfessional & Technical Services · Utah
Becklar, LLC UT$13.0M · 0.80%
Stova Group, LLC UT$12.5M · 0.48%
Caselle, Inc. UT$12.4M · 0.51%
Elementum LTD UT$11.9M · 0.06%
Infotrax Systems UT$11.6M · 0.21%
Elementum Scm, Inc. UT$11.3M · 0.00%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 870278655 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.