Plan Ledger DOL Form 5500 · updated monthly

Rocky Mountain University of Health Professions, Inc.401(k)

ROCKY MOUNTAIN UNIVERSITY 401(K) AND PROFIT SHARING PLAN · PROVO, UT · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Rocky Mountain University of Health Professions, Inc. reported $73,067 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,615 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 0.90% to 0.57%. 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 376th-largest of 848 plans among Utah employers on file, and 1,844th of 3,091 in educational services. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 222 to 282 since 2022.

Plan summary
Net assets, end of year$14,251,691
Participants with balances270
Active participants282
Employer contributions$737,393
Employee contributions$1,557,804
Employer contribution per active participant$2,615
Average account balance$52,784
Benefits paid to participants$927,364
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 270 accts · $737K emplr
2023$11.2M · 265 accts · $673K emplr
2022$8.1M · 229 accts · $615K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,183
Investment management$57,884
Total administrative$73,067
The Rocky Mountain University of Health Professions, Inc. 401(k) match · 2024
Employer contribution per active participant$2,615
Median for plans this size$2,416
2024$2,615 per active participant
2023$2,712 per active participant
2022$2,769 per active participant

Rocky Mountain University of Health Professions, Inc.'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 · 20242
KESTRA ADVISORY SERVICES LLC · Investment advisory (plan)$57,884

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$73,067 · 0.57%
2023$64,723 · 0.67%
2022$78,313 · 0.90%
Same employer
Similar plansEducational Services · Utah
Waterford Institute, Inc. UT$31.3M · 0.18%
Vitalsmarts, Lc UT$22.6M · 0.03%
Providence Hall UT$11.6M · 0.64%
Ameritech College LLC UT$11.4M · 1.07%
The McGillis School UT$10.0M · 0.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 870594592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.