Plan Ledger DOL Form 5500 · updated monthly

Security National Financial Corporation401(k)

SNF CORPORATION TAX-FAVORED RETIREMENT SAVINGS PLAN · MURRAY, UT · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Security National Financial Corporation reported $62,886 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $1,762 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 0.29% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 189th-largest of 848 plans among Utah employers on file, and the 2,080th of 4,798 in finance & insurance. In 2024, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,216,389
Participants with balances263
Active participants439
Employer contributions$773,420
Employee contributions$1,420,709
Employer contribution per active participant$1,762
Average account balance$141,507
Benefits paid to participants$1,063,453
Plan auditUnmodified (clean) audit opinion
AuditorLARSON & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$37.2M · 263 accts · $773K emplr
2023$28.2M · 288 accts · $138K emplr
2022$23.3M · 284 accts · $563K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,040
Investment management$40,885
Total administrative$62,886
The Security National Financial Corporation 401(k) match · 2024
Employer contribution per active participant$1,762
Median for plans this size$2,416
2024$1,762 per active participant
2023$322 per active participant
2022$1,373 per active participant

Security National Financial Corporation'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 · 20245
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$15,115
SOLTIS INVESTMENT ADVISORS LLC · Investment management$40,885
CHARLES SCHWAB & CO., INC. · Securities brokerage$9,290
DENTONS DURHAM JONES PINEGAR · Legal$6,961
CHARLES SCHWAB TRUST BANK · Trustee (directed)indirect comp

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$62,886 · 0.19%
2023$24,781 · 0.10%
2022$72,705 · 0.29%
All plans at this employer3
SNF CORPORATION TAX-FAVORED RETIREMENT SAVINGS PLAN401(k)
SNFC CEMETERIES AND MORTUARIES 401(K) PLAN401(k)
SNFC MORTGAGE COMPANY 401(K) PLAN401(k)
Same employer
Similar plansFinance & Insurance · Utah
Prog Holdings, Inc. UT$69.6M · 0.15%
Fred a. Moreton & Company UT$66.5M · 0.46%
Central Bank UT$63.7M · 0.02%
Utah Community Credit Union UT$38.8M · 0.33%
State Bank of Southern Utah UT$34.9M · 0.01%
Celtic Bank Corporation UT$32.7M · 0.24%
Webbank Corporation UT$28.5M · 0.03%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 870345941 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.