Plan Ledger DOL Form 5500 · updated monthly

Providence Hall401(k)

RETIREMENT INCOME SECURITY PLAN-PROVIDENCE HALL · HERRIMAN, UT · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Providence Hall reported $67,808 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,018 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 fell from 0.73% to 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 419th-largest of 848 plans among Utah employers on file, and 1,991st of 3,091 in educational services. In 2024, the employer put in $1.37 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$11,602,900
Participants with balances378
Active participants209
Employer contributions$839,798
Employee contributions$610,791
Employer contribution per active participant$4,018
Average account balance$30,696
Benefits paid to participants$611,195
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 378 accts · $840K emplr
2023$9.4M · 355 accts · $731K emplr
2022$7.7M · 330 accts · $663K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,313
Investment management$31,511
Trustee / custodial$1,984
Total administrative$67,808
The Providence Hall 401(k) match · 2024
Employer contribution per active participant$4,018
Median for plans this size$2,416
2024$4,018 per active participant
2023$3,549 per active participant
2022$3,159 per active participant

Providence Hall's 2024 employer contribution ran above 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
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$14,356
SPECTRA MANAGEMENT, LLC · Investment advisory (participants) · Investment advisory (plan)$31,511
HEALTHEQUITY RETIREMENT SERVICES, L · Claims processing · Plan administrator$19,957
MATRIX TRUST COMPANY · Custodial (securities) · Loan processing$1,984

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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

Administrative cost history3
2024$67,808 · 0.64%
2023$60,210 · 0.70%
2022$58,747 · 0.73%
Similar plansEducational Services · Utah
Vitalsmarts, Lc UT$22.6M · 0.03%
Ameritech College LLC UT$11.4M · 1.07%
The McGillis School UT$10.0M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261417186 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.