# Deseret Mutual Benefit Administrators 401(k) Plan
Source: https://planprovider.pro/companies/deseret-mutual-benefit-administrators-401k-plan

> Deseret Mutual Benefit Administrators's 401(k) plan: 25,752 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Deseret Mutual Benefit Administrators

- **Sponsor EIN:** 870440163

- **Sponsor Address:** PO BOX 45530, SALT LAKE CITY, UT, 84145

- **Plan Type:** 401(k)

- **Total Participants:** 25,752

- **Total Assets:** $6.1B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|25,752|$6.1B|$186.3M|$177.1M|

| 2023|25,301|$5.5B|$170.5M|$167.8M|

| 2022|24,292|$4.7B|$139.1M|$145.2M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| EMPOWER TRUST COMPANY LLC|RECORDKEEPER|$860,399|—|$860,399|

| DELOITTE & TOUCHE LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [DELOITTE & TOUCHE LLP](https://planprovider.pro/provider/deloitte-and-touche-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $860,399

- **Estimated Expense Ratio:** 0.014% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$716,886|—|$716,886|—|—|

| 2023|$710,633|—|$710,633|—|—|

| 2022|$733,110|—|$733,110|—|—|

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