Plan Ledger DOL Form 5500 · updated monthly

Sparrow Electric401(k)

SPARROW ELECTRIC 401(K) PLAN · WEST VALLEY CITY, UT · plan year 2022

Reported admin expense ratio · 2022
0.77%

Sparrow Electric reported $3,437 in plan administrative expenses for 2022: 0.77% of average plan assets, below the peer median. 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 professional & technical services employers. By assets it is among the smaller plans on file in Utah (829th of 848), and 11,489th of 11,654 in professional & technical services. In 2022, employees put in $1.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$336,331
Participants with balances165
Active participants0
Employer contributions$69,786
Employee contributions$105,027
Employer contribution per active participant—
Average account balance$2,038
Benefits paid to participants$287,984
Plan auditUnmodified (clean) audit opinion
AuditorSQUIRE & COMPANY
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$1
Investment management$3,345
Total administrative$3,437
What these fees cost you

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$3,437 · 0.77%
Similar plansProfessional & Technical Services · Utah
MP2 Enterprises, LLC UT$718K · 4.04%
Med USA, LLC UT$649K · 0.56%
K&H Green UT$598K · 1.60%
Pj Restaurants LLC UT$141K · 1.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475669844 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.