Plan Ledger DOL Form 5500 · updated monthly

Peak Industrial Inc.401(k)

PEAK INDUSTRIAL INC. RETIREMENT SAVINGS PLAN · WEST VALLEY CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Peak Industrial Inc. reported $87,886 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,114 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 3 years on file its reported administrative ratio has held roughly steady near 0.541%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 336th-largest of 848 plans among Utah employers on file, and the 1,678th of 5,215 in retail trade. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 157 to 205 since 2022.

Plan summary
Net assets, end of year$17,339,705
Participants with balances180
Active participants205
Employer contributions$433,303
Employee contributions$835,024
Employer contribution per active participant$2,114
Average account balance$96,332
Benefits paid to participants$738,229
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.3M · 180 accts · $433K emplr
2023$15.2M · 181 accts · $417K emplr
2022$14.3M · 188 accts · $428K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$87,886
Total administrative$87,886
The Peak Industrial Inc. 401(k) match · 2024
Employer contribution per active participant$2,114
Median for plans this size$2,416
2024$2,114 per active participant
2023$1,551 per active participant
2022$2,725 per active participant

Peak Industrial Inc.'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 · 20244
NEW PORT GROUP, INC · Contract administrator · Recordkeeping$33,185
SOLTIS INVESTMENT ADVISORS LLC · Recordkeeping · Trustee$11,781
ADP, INC. · Recordkeeping$1,552
ADP BROKER-DEALERindirect 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, NEW PORT GROUP, INC, SOLTIS INVESTMENT ADVISORS LLC
2023Newport (Ascensus)

This plan has changed recordkeepers within these filings. If you left Peak Industrial Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$87,886 · 0.54%
2023$77,474 · 0.53%
2022$85,108 · 0.54%
Same employer
Similar plansRetail Trade · Utah
Truhearing, Inc. UT$19.0M · 0.61%
You Need a Budget LLC UT$18.6M · 0.03%
Doug Smith Autoplex, Inc. UT$18.5M · 0.43%
Mark Miller Subaru, Inc. UT$18.0M · 0.64%
John H. Firmage, Inc. UT$15.3M · 0.01%
Younique, LLC UT$15.3M · 0.53%
Wittwer, Inc. UT$13.3M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452792810 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.