Plan Ledger DOL Form 5500 · updated monthly

Utah Military Academy403(b)

UTAH MILITARY ACADEMY 403(B) PLAN · RIVERDALE, UT · plan year 2022

Reported admin expense ratio · 2022
0.98%

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

Utah Military Academy reported $11,479 in plan administrative expenses for 2022: 0.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $846 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Utah (786th of 848), and 2,934th of 3,091 in educational services. In 2022, employees put in $1.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,317,904
Participants with balances77
Active participants127
Employer contributions$107,429
Employee contributions$211,052
Employer contribution per active participant$846
Average account balance$17,116
Benefits paid to participants$147,090
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$11,479
Total administrative$11,479
Employer contributions to the Utah Military Academy plan · 2022
Employer contribution per active participant$846
Median for plans this size$1,114

Utah Military Academy's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$11,479 · 0.98%
Similar plansEducational Services · Utah
Excelsior Academy UT$6.3M · 1.13%
Noorda Medical School UT$5.0M · 0.82%
Life Styles, Inc. AR$1.3M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465071480 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.