Plan Ledger DOL Form 5500 · updated monthly

The Buckner Company, Inc.401(k)

THE BUCKNER COMPANY 401(K) PROFIT SHARING PLAN · SALT LAKE CITY, UT · plan year 2023

Reported admin expense ratio · 2023
0.30%

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

The Buckner Company, Inc. reported $66,304 in plan administrative expenses for 2023: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,994 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 0.52% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 260th-largest of 848 plans among Utah employers on file, and 2,744th of 4,798 in finance & insurance. In 2023, employees put in $2.15 for every $1.00 the employer contributed; active participation has shrunk from 212 to 190 since 2022.

Plan summary
Net assets, end of year$24,384,241
Participants with balances240
Active participants190
Employer contributions$568,805
Employee contributions$1,222,023
Employer contribution per active participant$2,994
Average account balance$101,601
Benefits paid to participants$1,546,866
Plan auditUnmodified (clean) audit opinion
AuditorTANNER LLC
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$23.4M · 174 accts · $590K emplr
2023$24.4M · 240 accts · $569K emplr
2022$19.8M · 210 accts · $558K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,519
Investment management$46,786
Total administrative$66,304
The The Buckner Company, Inc. 401(k) match · 2023
Employer contribution per active participant$2,994
Median for plans this size$2,440
2024$3,071 per active participant
2023$2,994 per active participant
2022$2,633 per active participant

The Buckner Company, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
CANNON CAPITAL MANAGEMENT INC · Investment advisory (plan)$42,221
FIDUCIARY WISE LLC$6,999
EMPOWER ADVISORY GROUP, LLC · Investment management$4,565

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025Not separately reported
2024$89,445 · 0.37%
2023$66,304 · 0.30%
2022$111,719 · 0.52%
Same employer
Similar plansFinance & Insurance · Utah
Webbank Corporation UT$28.5M · 0.03%
Silac Insurance Company UT$25.4M · 0.25%
Cyprus Federal Credit Union UT$23.4M · 0.42%
Cache Valley Bank UT$22.4M · 0.40%
Wcf Mutual Insurance Co. UT$20.2M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 870257010 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.