Plan Ledger DOL Form 5500 · updated monthly

Zagg Incorporated401(k)

ZAGG INC. 401(K) PLAN · MIDVALE, UT · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Zagg Incorporated reported $33,332 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,671 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 0.03% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 230th-largest of 848 plans among Utah employers on file, and the 1,091st of 5,215 in retail trade. In 2024, employees put in $2.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,172,356
Participants with balances525
Active participants294
Employer contributions$785,275
Employee contributions$1,693,414
Employer contribution per active participant$2,671
Average account balance$53,662
Benefits paid to participants$5,148,375
Plan auditUnmodified (clean) audit opinion
AuditorWSRP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$28.2M · 525 accts · $785K emplr
2023$27.0M · 558 accts · $630K emplr
2022$23.6M · 570 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,332
Total administrative$33,332
The Zagg Incorporated 401(k) match · 2024
Employer contribution per active participant$2,671
Median for plans this size$2,416
2024$2,671 per active participant
2023$1,933 per active participant
2022$3,814 per active participant

Zagg Incorporated's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
ALLIANT INSURANCE SERVICES INC · Contract administrator · Investment advisory (plan)$51,425
EMPOWER ADVISORY GROUP LLC · Investment management$11,386
COOK MARTIN & POULSON, PC$10,972
WISAN,SMITH, RACKER& PRESCOTT, LLP · Accounting / audit$7,500

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$33,332 · 0.12%
2023$30,083 · 0.12%
2022$7,915 · 0.03%
Same employer
Similar plansRetail Trade · Utah
Overland West, Inc. UT$36.9M · 0.47%
Les Olson Company, Inc. UT$35.2M · 0.40%
Covalent Group, Inc. UT$23.9M · 0.05%
Team Karl Malone UT$23.7M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202559624 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.