Plan Ledger DOL Form 5500 · updated monthly

Midwest Floor Coverings, Inc.401(k)

RETIREMENT INCOME SECURITY PLAN-MIDWEST FLOOR COVERINGS, INC. · SALT LAKE CITY, UT · plan year 2024

Reported admin expense ratio · 2024
1.08%

Midwest Floor Coverings, Inc. reported $63,781 in plan administrative expenses for 2024: 1.08% of average plan assets, higher than ~75% 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 3 years on file its reported administrative ratio has held roughly steady near 1.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Utah (569th of 848), and 3,486th of 4,246 in wholesale trade. active participation has shrunk from 120 to 97 since 2022.

Plan summary
Net assets, end of year$6,093,604
Participants with balances119
Active participants97
Employer contributions—
Employee contributions$461,017
Employer contribution per active participant—
Average account balance$51,207
Benefits paid to participants$662,539
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 119 accts
2023$5.7M · 128 accts · $100K emplr
2022$4.6M · 134 accts · $240K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,764
Investment management$23,757
Audit (IQPA)$3,100
Trustee / custodial$1,160
Total administrative$63,781
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 · 20244
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$8,945
HEALTHEQUITY RETIREMENT SERVICES, L · Claims processing · Plan administrator$26,820
EP WEALTH ADVISORS, INC. · Investment advisory (participants) · Investment advisory (plan)$23,757
MATRIX TRUST COMPANY · Custodial (securities) · Loan processing$1,160

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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

Administrative cost history3
2024$63,781 · 1.08%
2023$54,225 · 1.05%
2022$51,362 · 1.05%
Same employer
Similar plansWholesale Trade · Utah
Alianza, Inc. UT$10.4M · 0.27%
Group Rossignol USA, Inc. UT$10.0M · 0.01%
American Crafts, LLC UT$8.6M · 0.78%
Kns International UT$4.5M · 0.38%
Paparazzi LLC UT$3.7M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870153288 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.