Plan Ledger DOL Form 5500 · updated monthly

Novacoast, Inc.401(k)

NOVACOAST, INC. 401(K) PLAN · OREM, UT · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Novacoast, Inc. reported $47,750 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $612 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 0.19% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 251st-largest of 848 plans among Utah employers on file, and the 4,767th of 11,654 in professional & technical services. In 2024, employees put in $11.16 for every $1.00 the employer contributed; active participation has shrunk from 345 to 289 since 2022.

Plan summary
Net assets, end of year$24,936,547
Participants with balances232
Active participants289
Employer contributions$176,861
Employee contributions$1,974,278
Employer contribution per active participant$612
Average account balance$107,485
Benefits paid to participants$1,198,308
Plan auditUnmodified (clean) audit opinion
AuditorHUTCHINSON & BLOODGOOD LLP
Plan history3
Yearassets · accounts · employer contribution
2024$24.9M · 232 accts · $177K emplr
2023$21.2M · 244 accts
2022$16.9M · 267 accts · $5K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,226
Investment management$43,524
Total administrative$47,750
The Novacoast, Inc. 401(k) match · 2024
Employer contribution per active participant$612
Median for plans this size$2,416
2024$612 per active participant
2022$16 per active participant

Novacoast, Inc.'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 · 20243
WELLS FARGO · Recordkeeping · Trustee$43,524
ADP, INC. · Loan processing · Recordkeeping$4,226
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Wells Fargo
2023ADP, Wells Fargo

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

Administrative cost history3
2024$47,750 · 0.21%
2023$39,719 · 0.21%
2022$34,368 · 0.19%
Same employer
Similar plansProfessional & Technical Services · Utah
Sunrise Engineering, Inc. UT$28.3M · 0.42%
Klas Enterprises, LLC UT$26.2M · 0.45%
Rainfocus, LLC UT$25.2M · 0.11%
Haynie & Company UT$24.8M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770443920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.