Conservice, LLC 401(k) Review & Grade
Conservice, LLC 401(k) Profit Sharing Plan and Trust
River Heights, UTAdministrative, Support & Staffing Services3,140 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$941Employer $ per active participant
$2,995Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$67.7MNet plan assets, end of year
$36,692Average balance per account
Score breakdown
- Employer generosity35.1 / 5070th percentile for employer $ per participant
- Low cost5.6 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 22th |
| Employee saving | 73th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Conservice put in about $941 per active participant, more than the typical peer ($342). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.31% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,953,261 |
| Participant (employee) contributions | $9,403,260 |
| Other contributions (incl. rollovers in) | $1,139,535 |
| Administrative expenses paid from the plan | $179,467 |
| Investment advisory & management fees | $79,072 |
| Benefits paid out | $2,636,401 |
| Net assets, start / end of year | $49.3M / $67.7M |
| Active participants, start / end of year | 3,068 / 3,211 |
| Participants with account balances | 1,844 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $100,395 reported compensation |
| Iron Gate Global Advisors LLC | $79,072 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922100137NAL0005463472001, received 2025-09-22, EIN 87-0660875, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.