Plan Ledger DOL Form 5500 · updated monthly

Wasatch Academy403(b)

WASATCH ACADEMY PENSION PLAN · MOUNT PLEASANT, UT · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Wasatch Academy reported $42,704 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $4,805 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 0.17% to 0.32%. 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 386th-largest of 848 plans among Utah employers on file, and the 1,374th of 3,341 in other services. In 2024, employees put in $1.38 for every $1.00 the employer contributed; active participation has grown from 45 to 61 since 2022.

Plan summary
Net assets, end of year$13,625,749
Participants with balances215
Active participants61
Employer contributions$293,078
Employee contributions$405,816
Employer contribution per active participant$4,805
Average account balance$63,376
Benefits paid to participants$1,522,049
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 215 accts · $293K emplr
2023$13.1M · 200 accts · $288K emplr
2022$11.7M · 208 accts · $226K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,704
Total administrative$42,704
Employer contributions to the Wasatch Academy plan · 2024
Employer contribution per active participant$4,805
Median for plans this size$2,416
2024$4,805 per active participant
2023$5,429 per active participant
2022$5,022 per active participant

Wasatch Academy'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 · 20244
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)$23,246
ADMIN PARTNERS LLC · Contract administrator$8,170
EMPOWER ADVISORY GROUP, LLC · Investment management$1,133

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$42,704 · 0.32%
2023$30,425 · 0.25%
2022$19,465 · 0.17%
Similar plansOther Services · Utah
Children's Miracle Network UT$53.3M · 0.26%
Any Hour, Inc. UT$37.9M · 0.48%
Smith Power Products, Inc. UT$32.2M · 0.33%
The Elmore Group, LTD. UT$13.6M · 0.91%
Lube Management Corp UT$11.1M · 0.02%
Action Target, Inc. UT$10.8M · 0.70%
Turn Community Services UT$9.7M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870290194 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.