Plan Ledger DOL Form 5500 · updated monthly

United Benefits Consulting, Inc.401(k)

UNITED BENEFITS CONSULTING, INC. RETIREMENT SAVINGS PLAN · LINDON, UT · plan year 2023

Reported admin expense ratio · 2023
0.84%

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

United Benefits Consulting, Inc. reported $265,017 in plan administrative expenses for 2023: 0.84% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,229 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 1 year on file its reported administrative ratio fell from 0.89% to 0.84%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 190th-largest of 848 plans among Utah employers on file, and the 3,507th of 11,654 in professional & technical services. In 2023, employees put in $2.40 for every $1.00 the employer contributed; active participation has shrunk from 3,304 to 2,073 since 2022.

Plan summary
Net assets, end of year$37,196,068
Participants with balances1,696
Active participants2,073
Employer contributions$2,548,206
Employee contributions$6,112,669
Employer contribution per active participant$1,229
Average account balance$21,932
Benefits paid to participants$1,705,718
Plan auditUnmodified (clean) audit opinion
AuditorJASON F. CLAUSEN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $587K emplr
2023$37.2M · 1,696 accts · $2.5M emplr
2022$25.9M · 1,557 accts · $2.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$225,571
Investment management$39,446
Total administrative$265,017
The United Benefits Consulting, Inc. 401(k) match · 2023
Employer contribution per active participant$1,229
Median for plans this size$2,440
2023$1,229 per active participant
2022$717 per active participant

United Benefits Consulting, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
SLAVIC INTEGRATED ADMINISTRATION · Recordkeeping · Loan processing$225,571
SLAVIC MUTUAL FUND MANAGEMENT CORP · Investment management$39,446

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

Administrative cost history3
2024Not separately reported
2023$265,017 · 0.84%
2022$208,175 · 0.89%
Same employer
Similar plansProfessional & Technical Services · Utah
Weave Communications, Inc. UT$38.8M · 0.36%
Degreed, Inc. UT$37.3M · 0.36%
Venafi, Inc. UT$37.3M · 0.60%
Podium Corporation, Inc. UT$34.0M · 0.46%
Tanner LLC UT$31.2M · 0.34%
Marketstar Qoz Business LLC UT$30.7M · 0.50%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 562551817 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.