Intermountain Electronics, Inc. of Price, Utah 401(k) Review & Grade
Intermountain Electronics, Inc. of Price, Utah 401(k) Profit Sharing Plan
Price, UTManufacturing510 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,761Employer $ per active participant
$5,215Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$36.8MNet plan assets, end of year
$49,748Average balance per account
Score breakdown
- Employer generosity36.0 / 5072th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 19th |
| Employee saving | 54th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $35,623 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Intermountain Electronics, Inc. of Price, Utah put in about $3,761 per active participant, more than the typical peer ($2,320). 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 (0.57% of assets) are well above similar-size plans (0.23%). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,920,125 |
| Participant (employee) contributions | $2,662,172 |
| Other contributions (incl. rollovers in) | $651,361 |
| Administrative expenses paid from the plan | $187,188 |
| Investment advisory & management fees | $112,412 |
| Benefits paid out | $1,721,533 |
| Net assets, start / end of year | $29.3M / $36.8M |
| Active participants, start / end of year | 434 / 587 |
| Participants with account balances | 740 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Tanner LLC |
Largest service providers (Schedule C)
| Kestra Advisory Services LLC | $112,412 reported compensation |
| Empower Annuity Insurance Company O | $66,422 reported compensation |
| Tanner LLC | $8,354 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904114031NAL0027335952001, received 2025-09-04, EIN 87-0465100, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.