Plan Ledger DOL Form 5500 · updated monthly

Wasatch Property Management, Inc401(k)

WASATCH PROPERTY MANAGEMENT 401(K) PLAN · WEST VALLEY CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Wasatch Property Management, Inc reported $132,696 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $713 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 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 200th-largest of 848 plans among Utah employers on file, and the 395th of 2,096 in real estate & leasing. In 2024, employees put in $3.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$35,087,337
Participants with balances758
Active participants835
Employer contributions$595,384
Employee contributions$2,265,894
Employer contribution per active participant$713
Average account balance$46,289
Benefits paid to participants$2,440,283
Plan auditUnmodified (clean) audit opinion
AuditorPOULSEN VANLEUVEN & CATMULL PA
Plan history3
Yearassets · accounts · employer contribution
2024$35.1M · 758 accts · $595K emplr
2023$30.8M · 590 accts · $446K emplr
2022$26.3M · 680 accts · $550K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,562
Investment management$60,134
Total administrative$132,696
The Wasatch Property Management, Inc 401(k) match · 2024
Employer contribution per active participant$713
Median for plans this size$2,416
2024$713 per active participant
2023$590 per active participant
2022$645 per active participant

Wasatch Property Management, Inc'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 · 20244
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$60,134
DWC ERISA CONSULTANTS LLC · Contract administrator$36,649
POULSEN VANLEUVEN & CATMULL PA · Accounting / audit$19,500

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$132,696 · 0.40%
2023$202,262 · 0.71%
2022$153,420 · 0.52%
Same employer
Similar plansReal Estate & Leasing · Utah
Extra Space Management, Inc. UT$211.1M · 0.23%
Snap Finance, LLC UT$32.0M · 0.36%
First Colony Mortgage Corp. UT$23.3M · 0.65%
Insidere, LLC UT$21.2M · 0.55%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 870484108 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.