Mountain West Brands, LLC 401(k) Review & Grade
401(k) Profit Sharing Plan for Employees of Mountain West Brands, LLC
Salt Lake City, UTAccommodation & Food Services669 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$78Employer $ per active participant
$258Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$4.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.8 / 5022th percentile for employer $ per participant
- Low cost22.8 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 91th |
| Employee saving | 15th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($68,629 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Mountain West Brands put in about $78 per active participant, below the typical peer ($266). Any match is still an instant return, so contribute enough to get all of it.
- 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $51,996 |
| Participant (employee) contributions | $172,652 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $1,615 |
| Other admin expenses | $1,615 |
| Benefits paid out | $752,453 |
| Net assets, start / end of year | $4.4M / $4.5M |
| Active participants, start / end of year | 538 / 800 |
| Participants with account balances | 84 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly, LLP |
Largest service providers (Schedule C)
| Mutual of America Investment Corp | $1,939 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014111340NAL0001269459001, received 2025-10-14, EIN 83-2188650, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.