Plan Ledger DOL Form 5500 · updated monthly

Mountainland Head Start Inc.401(k)

MOUNTAINLAND HEAD START INC. 401K RETIREMENT PLAN · PROVO, UT · plan year 2023

Reported admin expense ratio · 2023
1.84%

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

Mountainland Head Start Inc. reported $26,253 in plan administrative expenses for 2023: 1.84% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,245 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 1 year on file its reported administrative ratio fell from 2.00% to 1.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Utah (770th of 848), and 2,907th of 3,091 in educational services. In 2023, the employer put in $1.01 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$1,618,209
Participants with balances180
Active participants138
Employer contributions$171,876
Employee contributions$170,483
Employer contribution per active participant$1,245
Average account balance$8,990
Benefits paid to participants$124,059
Plan auditUnmodified (clean) audit opinion
AuditorSQUIRE
Plan history2
Yearassets · accounts · employer contribution
2023$1.6M · 180 accts · $172K emplr
2022$1.2M · 156 accts · $206K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$25,969
Investment management$234
Total administrative$26,253
The Mountainland Head Start Inc. 401(k) match · 2023
Employer contribution per active participant$1,245
Median for plans this size$1,308
2023$1,245 per active participant
2022$1,474 per active participant

Mountainland Head Start Inc.'s 2023 employer contribution ran below the $1,308 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
GLOBAL RETIREMENT PARTNERS LLCindirect comp
VOYA RETIREMENT INSURANCE AND ANNUI · Investment advisory (participants)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 history2
2023$26,253 · 1.84%
2022$22,485 · 2.00%
Same employer
Similar plansEducational Services · Utah
Career Step, LLC UT$6.7M · 0.04%
Excelsior Academy UT$6.3M · 1.13%
Noorda Medical School UT$5.0M · 0.82%
Utah Military Academy UT$1.3M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870342445 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.