Plan Ledger DOL Form 5500 · updated monthly

Premier Tech Inc.401(k)

PREMIER TECH 401(K) · WOODS CROSS, UT · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Premier Tech Inc. reported $96,494 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $2,222 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 0.43%. 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 266th-largest of 848 plans among Utah employers on file, and the 5,352nd of 13,661 in manufacturing. In 2024, employees put in $2.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,462,062
Participants with balances282
Active participants352
Employer contributions$782,160
Employee contributions$1,793,986
Employer contribution per active participant$2,222
Average account balance$83,199
Benefits paid to participants$3,220,866
Plan auditUnmodified (clean) audit opinion
AuditorUHY
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 282 accts · $782K emplr
2023$21.1M · 265 accts · $791K emplr
2022$18.7M · 248 accts · $642K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,244
Audit (IQPA)$51,250
Total administrative$96,494
The Premier Tech Inc. 401(k) match · 2024
Employer contribution per active participant$2,222
Median for plans this size$2,416
2024$2,222 per active participant
2023$2,274 per active participant
2022$1,916 per active participant

Premier Tech 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 · 20242
UHY LLP · Accounting / audit$51,250
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$45,244

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$96,494 · 0.43%
2023$37,418 · 0.19%
2022$70,732 · 0.44%
Similar plansManufacturing · Utah
Fetzers' Inc. UT$26.1M · 0.39%
Doppelmayr USA, Inc. UT$26.0M · 0.06%
Elitech Group, Inc. UT$22.9M · 0.27%
Sweet Candy Company UT$21.3M · 0.41%
Modere, Inc. UT$20.4M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631228326 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.