What are the fees in the Simply Mac, Inc. 401(k) plan?

For plan year 2022, Simply Mac, Inc. reported $19,663 in plan administrative expenses, or 3.55% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Simply Mac, Inc. 401(k)?

The average participant account balance was $17,321 for plan year 2022, based on 32 accounts.

Simply Mac, Inc.401(k)

Name: Simply Mac, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SPIN-OFF TERMINATION PLAN FOR SIMPLY MAC, INC. · SALT LAKE CITY, UT · plan year 2022

Reported admin expense ratio · 2022

3.55%

Simply Mac, Inc. reported $19,663 in plan administrative expenses for 2022: 3.55% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Utah (822nd of 848), and 5,061st of 5,215 in retail trade.

Plan summary
Net assets, end of year$554,279
Participants with balances32
Active participants0
Employer contributions—
Employee contributions$83,284
Employer contribution per active participant—
Average account balance$17,321
Benefits paid to participants$338,997
Plan auditUnmodified (clean) audit opinion
AuditorSKIDMORE AND OLAUSSON

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$19,663 · 3.55%

Similar plansRetail Trade · Utah
Parasol Group, Inc. UT$2.1M · 0.75%
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High Country Fuels UT$1.2M · 1.89%
Supranaturals, LLC UT$1.2M · 0.05%
Russell Barnett Ford of Tullahoma, Inc. TN$566K · 1.20%
Getta Holdings, Inc. PA$557K · 3.28%
Cincy Clips, Inc. OH$556K · 1.57%
Northwest Petroleum, LP TX$556K · 1.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205434047 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.