Plan Ledger DOL Form 5500 · updated monthly

Western States Lodging & Management L.C.401(k)

WESTERN STATES LODGING EMPLOYEE SAVINGS PLAN · SOUTH JORDAN, UT · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Western States Lodging & Management L.C. reported $141,036 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $225 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 0.80% to 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 276th-largest of 848 plans among Utah employers on file, and the 5,111th of 11,654 in professional & technical services. In 2024, employees put in $2.06 for every $1.00 the employer contributed; active participation has grown from 3,755 to 5,174 since 2022.

Plan summary
Net assets, end of year$22,665,339
Participants with balances726
Active participants5,174
Employer contributions$1,162,411
Employee contributions$2,388,774
Employer contribution per active participant$225
Average account balance$31,219
Benefits paid to participants$2,192,336
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.7M · 726 accts · $1.2M emplr
2023$18.5M · 645 accts · $1.1M emplr
2022$14.4M · 621 accts · $970K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,195
Investment management$47,841
Total administrative$141,036
The Western States Lodging & Management L.C. 401(k) match · 2024
Employer contribution per active participant$225
Median for plans this size$2,416
2024$225 per active participant
2023$268 per active participant
2022$258 per active participant

Western States Lodging & Management L.C.'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$93,195
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$47,841

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$141,036 · 0.69%
2023$116,362 · 0.71%
2022$118,737 · 0.80%
Same employer
Similar plansProfessional & Technical Services · Utah
Novacoast, Inc. UT$24.9M · 0.21%
Haynie & Company UT$24.8M · 0.84%
Architectural Nexus, Inc. UT$21.7M · 0.00%
Forsgren Associates, Inc. UT$21.3M · 0.18%
Telarus, LLC UT$20.9M

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Source: U.S. Department of Labor, Form 5500 series, EIN 870520716 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.