What is the Salmon Electric 401(k) match?

Name: Salmon Electric 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

In 2022, employer contributions to the Salmon Electric plan averaged $1,044 per active participant. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

Salmon Electric401(k)

THE FORESIGHT MEP 401(K) PLAN · WOODS CROSS, UT · plan year 2022

Employer contribution per participant · 2022

$1,044

Salmon Electric's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $0 across 0 participant accounts, with employer contributions averaging $1,044 per active participant. See methodology for what Form 5500 does and doesn't capture.

In 2022, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$0
Participants with balances0
Active participants150
Employer contributions$156,551
Employee contributions$269,277
Employer contribution per active participant$1,044
Average account balance—
Benefits paid to participants$44,735
Plan auditDisclaimer of opinion
AuditorG&S CERTIFIED PUBLIC ACCOUNTANTS,PC

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$1,590

Investment management$11,099

Total administrative$12,689

The Salmon Electric 401(k) match · 2022

Employer contribution per active participant$1,044

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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 870493963 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.