Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Deseret Mutual Benefit Administrators
Deseret Mutual Benefit Administrators 401(k)
- Finance and insurance
- Salt Lake City, UT
- EIN 87-0440163
- 1 plan with Schedule H financials
- Plan year 2024
Administrative expenses excluding investment management, per participant · Deseret 401(k) Plan · plan year 2024
$18.01
Higher than 16% of the 1,045 plans over $1B that report it.
Source
= $716,886 / 39,798
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250728101713NAL0001853025001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728101713NAL0001853025001, received 2025-07-28
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-28.
Cost and contributions
Administrative expenses per participant
$18.01
Higher than 7% of the 1,076 plans over $1B that report it.
Source
= $716,886 / 39,798
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728101713NAL0001853025001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728101713NAL0001853025001, received 2025-07-28
Administrative expenses as a share of assets
0.012%
Higher than 9% of the 1,076 plans over $1B that report it.
Source
= $716,886 / $6,145,738,842
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728101713NAL0001853025001, received 2025-07-28
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250728101713NAL0001853025001, received 2025-07-28
Employer contributions per participant
$4,680
Higher than 64% of the 1,135 plans over $1B that report it.
Source
= $186,266,915 / 39,798
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728101713NAL0001853025001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728101713NAL0001853025001, received 2025-07-28
Employer share of total contributions
48.6%
Higher than 92% of the 1,135 plans over $1B that report it.
Source
= $186,266,915 / $383,007,939
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728101713NAL0001853025001, received 2025-07-28
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250728101713NAL0001853025001, received 2025-07-28
Plan terms, as stated in Deseret Mutual Benefit Administrators's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250728101713NAL0001853025001, received 2025-07-28
Full record, Deseret 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | DESERET MUTUAL BENEFIT ADMINISTRATORS | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Plan name | DESERET 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Sponsor EIN / plan number | 87-0440163 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Sponsor location | SALT LAKE CITY, UT | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Industry (business code) | 525100, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Filing received | 2025-07-28 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Participants, beginning of year | 39,425 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Active participants | 25,752 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Participants, end of year | 40,172 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Participants with an account balance | 39,798 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Total assets, beginning of year | $5,481,729,272 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Total assets, end of year | $6,145,738,842 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Net assets, end of year | $6,145,738,842 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Total income | $1,005,987,846 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Net income | $664,009,570 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Employer contributions | $186,266,915 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Participant contributions | $177,052,816 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Other contributions (incl. rollovers) | $19,688,208 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Total contributions | $383,007,939 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Benefit payments | $341,010,381 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Total expenses (incl. benefit payments) | $341,978,276 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Total administrative expenses | $716,886 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Contract administrator fees | $716,886 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Administrative expenses excluding investment management | $716,886 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Held in common/collective trusts | $5,721,984,064 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Held in mutual funds | $192,394,631 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250728101713NAL0001853025001, received 2025-07-28 |
| Independent auditor | DELOITTE & TOUCHE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250728101713NAL0001853025001, received 2025-07-28 |
Position = column in the DOL layout for form year 2024. Filing 20250728101713NAL0001853025001, received 2025-07-28.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER TRUST COMPANY LLCrecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $860,399 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250728101713NAL0001853025001, received 2025-07-28.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $5,481,729,272 | $6,145,738,842 | 12.1% |
| Participants with a balance | 38,943 | 39,798 | 2.2% |
| Administrative expenses | $710,633 | $716,886 | 0.9% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $170,537,773 | $186,266,915 | 9.2% |
Prior filing 20240726134835NAL0015543649001, received 2024-07-26; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: DESERET MUTUAL BENEFIT ADMINISTRATORS; SEC registrant: Deseret Mutual Benefit Administrators (CIK 1789351, matched by EIN).