Plan Ledger DOL Form 5500 · updated monthly

The Elmore Group, LTD.401(k)

THE ELMORE GROUP, LTD. 401(K) PROFIT SHARING PLAN · WEST VALLEY CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.91%

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

The Elmore Group, LTD. reported $120,000 in plan administrative expenses for 2024: 0.91% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,012 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 rose from 0.55% to 0.91%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 391st-largest of 848 plans among Utah employers on file, and the 1,376th of 3,341 in other services. In 2024, employees put in $3.04 for every $1.00 the employer contributed; active participation has grown from 155 to 193 since 2022.

Plan summary
Net assets, end of year$13,552,478
Participants with balances195
Active participants193
Employer contributions$195,368
Employee contributions$593,500
Employer contribution per active participant$1,012
Average account balance$69,500
Benefits paid to participants$1,802,841
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 195 accts · $195K emplr
2023$12.8M · 212 accts · $166K emplr
2022$11.3M · 188 accts · $153K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,297
Investment management$23,406
Audit (IQPA)$14,000
Trustee / custodial$4,297
Total administrative$120,000
The The Elmore Group, LTD. 401(k) match · 2024
Employer contribution per active participant$1,012
Median for plans this size$2,416
2024$1,012 per active participant
2023$1,051 per active participant
2022$989 per active participant

The Elmore Group, LTD.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20245
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$46,630
FIDUCIARY CONSULTING GROUP, INC · Claims processing · Contract administrator$31,667
KESTRA ADVISORY SERVICES, LLC · Investment advisory (participants) · Investment advisory (plan)$23,406
LEE CPA AUDIT GROUP · Accounting / audit$14,000
CHARLES SCHWAB BANK · Custodial (securities) · Trustee (directed)$4,297

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

Recordkeeper by year2
2024Ameritas, FIDUCIARY CONSULTING GROUP, INC
2023Ameritas

This plan has changed recordkeepers within these filings. If you left The Elmore Group, LTD. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$120,000 · 0.91%
2023$118,897 · 0.99%
2022$69,189 · 0.55%
Similar plansOther Services · Utah
Any Hour, Inc. UT$37.9M · 0.48%
Smith Power Products, Inc. UT$32.2M · 0.33%
Wasatch Academy UT$13.6M · 0.32%
Lube Management Corp UT$11.1M · 0.02%
Action Target, Inc. UT$10.8M · 0.70%
Turn Community Services UT$9.7M · 0.66%
Odyssey House of Utah UT$7.6M · 1.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 840594083 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.