Plan Ledger DOL Form 5500 · updated monthly

Mountain Country Foods, LLC.401(k)

MOUNTAIN COUNTRY FOODS EMPLOYEES' 401(K) PROFIT SHARING PLAN · SPANISH FORK, UT · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Mountain Country Foods, LLC. reported $137,049 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,392 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 0.55% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 262nd-largest of 848 plans among Utah employers on file, and the 5,246th of 13,661 in manufacturing. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has shrunk from 729 to 529 since 2022.

Plan summary
Net assets, end of year$24,097,708
Participants with balances430
Active participants529
Employer contributions$736,314
Employee contributions$1,151,477
Employer contribution per active participant$1,392
Average account balance$56,041
Benefits paid to participants$1,472,012
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 430 accts · $736K emplr
2023$21.6M · 435 accts · $663K emplr
2022$18.8M · 469 accts · $728K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$137,049
Total administrative$137,049
The Mountain Country Foods, LLC. 401(k) match · 2024
Employer contribution per active participant$1,392
Median for plans this size$2,416
2024$1,392 per active participant
2023$1,088 per active participant
2022$999 per active participant

Mountain Country Foods, LLC.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$137,049
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$137,049 · 0.60%
2023$118,212 · 0.58%
2022$114,259 · 0.55%
Same employer
Similar plansManufacturing · Utah
Jain America Holdings, Inc. UT$26.7M · 0.37%
Fetzers' Inc. UT$26.1M · 0.39%
Doppelmayr USA, Inc. UT$26.0M · 0.06%
Premier Tech Inc. UT$23.5M · 0.43%
Elitech Group, Inc. UT$22.9M · 0.27%
Sweet Candy Company UT$21.3M · 0.41%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 462623941 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.