Intermountain Farmers Association 401(k) Review & Grade
Intermountain Farmers Association Salary Investment Plan and Trust
Salt Lake City, UTRetail Trade698 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,762Employer $ per active participant
$3,096Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$39.8MNet plan assets, end of year
$49,294Average balance per account
Score breakdown
- Employer generosity46.2 / 5092th percentile for employer $ per participant
- Low cost19.0 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 76th |
| Employee saving | 52th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Intermountain Farmers Association put in about $2,762 per active participant, more than the typical peer ($743). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,927,864 |
| Participant (employee) contributions | $2,160,774 |
| Other contributions (incl. rollovers in) | $331,245 |
| Administrative expenses paid from the plan | $33,786 |
| Investment advisory & management fees | $19,885 |
| Benefits paid out | $3,736,992 |
| Net assets, start / end of year | $33.8M / $39.8M |
| Active participants, start / end of year | 692 / 704 |
| Participants with account balances | 808 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Tanner LLC |
Largest service providers (Schedule C)
| Pruco Securities LLC | $83,490 reported compensation |
| Empower Advisory Group, LLC | $19,885 reported compensation |
| Empower Annuity Insurance Company O | $13,901 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250804154502NAL0001409459001, received 2025-08-04, EIN 87-0188560, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.