Plan Ledger DOL Form 5500 · updated monthly

Tanner LLC401(k)

TANNER LLC RETIREMENT PLAN · SALT LAKE CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Tanner LLC reported $95,770 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $7,478 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 0.58% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 217th-largest of 848 plans among Utah employers on file, and the 4,037th of 11,654 in professional & technical services. In 2024, employees put in $1.09 for every $1.00 the employer contributed; active participation has grown from 187 to 234 since 2022.

Plan summary
Net assets, end of year$31,249,443
Participants with balances342
Active participants234
Employer contributions$1,749,920
Employee contributions$1,903,218
Employer contribution per active participant$7,478
Average account balance$91,373
Benefits paid to participants$1,217,735
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.2M · 342 accts · $1.7M emplr
2023$25.0M · 286 accts · $1.5M emplr
2022$18.6M · 259 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,770
Total administrative$95,770
The Tanner LLC 401(k) match · 2024
Employer contribution per active participant$7,478
Median for plans this size$2,416
2024$7,478 per active participant
2023$6,554 per active participant
2022$6,553 per active participant

Tanner LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$87,697
NATIONAL BENEFIT SERVICES LLC · Contract administrator · Other services$7,073
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)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$95,770 · 0.34%
2023$97,730 · 0.45%
2022$114,602 · 0.58%
Same employer
Similar plansProfessional & Technical Services · Utah
Degreed, Inc. UT$37.3M · 0.36%
Venafi, Inc. UT$37.3M · 0.60%
Podium Corporation, Inc. UT$34.0M · 0.46%
Marketstar Qoz Business LLC UT$30.7M · 0.50%
Ffkr Architects/Planners II UT$30.0M · 0.16%
Sunrise Engineering, Inc. UT$28.3M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202253063 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.