Plan Ledger DOL Form 5500 · updated monthly

Overland West, Inc.401(k)

OVERLAND WEST, INC. 401(K) PROFIT SHARING PLAN · OGDEN, UT · plan year 2023

Reported admin expense ratio · 2023
0.47%

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

Overland West, Inc. reported $168,765 in plan administrative expenses for 2023: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,323 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 0.33% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 193rd-largest of 848 plans among Utah employers on file, and the 859th of 5,215 in retail trade. In 2023, the employer put in $2.41 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$36,881,647
Participants with balances332
Active participants295
Employer contributions$2,750,274
Employee contributions$1,139,784
Employer contribution per active participant$9,323
Average account balance$111,089
Benefits paid to participants$7,235,179
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.6M · 319 accts · $619K emplr
2023$36.9M · 332 accts · $2.8M emplr
2022$35.2M · 310 accts · $2.5M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$168,765
Total administrative$168,765
The Overland West, Inc. 401(k) match · 2023
Employer contribution per active participant$9,323
Median for plans this size$2,440
2024$2,528 per active participant
2023$9,323 per active participant
2022$8,620 per active participant

Overland West, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$88,986
ASCENSUS HOLDINGS INC DBA FUTUREPLN · Contract administrator$3,353
EMPOWER ADVISORY GROUP · Investment management$1,089

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$155,392 · 0.42%
2023$168,765 · 0.47%
2022$128,512 · 0.33%
Same employer
Similar plansRetail Trade · Utah
Stampin Up Inc. UT$48.3M · 0.30%
Backcountry.com, LLC UT$43.6M · 0.41%
Young Chevrolet Company UT$38.9M · 0.35%
Les Olson Company, Inc. UT$35.2M · 0.40%
Zagg Incorporated UT$28.2M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870440922 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.