Plan Snapshot
- Plan Sponsor: Deseret Mutual Benefit Administrators
- Sponsor EIN: 870440163
- Sponsor Address: PO BOX 45530, SALT LAKE CITY, UT, 841450530
- Plan Type: DB
- Total Participants: 9,784
- Total Assets: $7.1B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 9,784 | $7.1B | $0 | $0 |
| 2023 | 10,478 | $7.7B | $199,100 | $0 |
| 2022 | 11,210 | $7.8B | $0 | $0 |
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 |
|---|---|---|---|---|
| JP MORGAN INVEST MGMT | NA | $1,723,418 | — | $1,723,418 |
| VOYA INVESTMENT LLC | NA | $905,906 | — | $905,906 |
| PRUDENTIAL INSURANCE CO | NA | $737,029 | — | $737,029 |
| SCHRODER INVESTMENT MGMT NA INC | NA | $696,487 | — | $696,487 |
| SCOUT INVESTMENTS INC | NA | $578,084 | — | $578,084 |
| JP MORGAN CHASE BANK | NA | $373,678 | — | $373,678 |
| FACTSET RESEARCH SYSTEMS INC | NA | $299,689 | — | $299,689 |
| VIRTUS PARTNERS INC | NA | $253,586 | — | $253,586 |
| CLEARWATER ANALYTICS | NA | $251,597 | — | $251,597 |
| DELOITTE & TOUCHE LLP | NA | $238,214 | — | $238,214 |
| THE BANK OF NEW YORK MELLON | NA | $228,965 | — | $228,965 |
| CITY OF LONDON INVST MGMT CO LTD | NA | $228,606 | — | $228,606 |
| LSV ASSET MANAGEMENT | NA | $224,883 | — | $224,883 |
| SAGITEC SOLUTIONS LLC | NA | $210,827 | — | $210,827 |
| EAGLE CAPITAL MANAGEMENT | NA | $209,992 | — | $209,992 |
| MARKIT NORTH AMERICA INC. | NA | $204,220 | — | $204,220 |
| ARTISAN PARTNERS LIMITED PARTNERSHI | NA | $190,411 | — | $190,411 |
| BLOOMBERG FINANCE LP | NA | $187,032 | — | $187,032 |
| SANDS CAPITAL MANAGEMENT | NA | $185,416 | — | $185,416 |
| NUANCE INVESTMENTS LLC | NA | $183,668 | — | $183,668 |
| SEVEN CANYONS ADVISORS LLC | NA | $180,507 | — | $180,507 |
| ZAZOVE ASSOCIATES LLC | NA | $132,708 | — | $132,708 |
| SOUTHEASTERN ASSET MANAGEMENT | NA | $131,533 | — | $131,533 |
| TIMESSQUARE CAPITAL MANAGEMENT | NA | $128,135 | — | $128,135 |
| NEWTON INVESTMENT MANAGEMENT NORTH | NA | $127,633 | — | $127,633 |
| HORIZON ASSET MANAGEMENT | NA | $111,967 | — | $111,967 |
| DELOITTE TAX LLP | NA | $110,650 | — | $110,650 |
| VICTORY CAPITAL MANAGEMENT INC | NA | $108,780 | — | $108,780 |
| DESERET TRUST COMPANY | AFFILIATE OF SPONSOR | $97,754 | — | $97,754 |
| FISHER INVESTMENTS | NA | $66,927 | — | $66,927 |
| LORD ABBETT AND CO LLC | NA | $64,704 | — | $64,704 |
| TROUTMAN PEPPER HAMILTON SANDERS LL | NA | $61,222 | — | $61,222 |
| MERCER | NA | $52,451 | — | $52,451 |
| RAFI INDICES LLC | NA | $38,081 | — | $38,081 |
| KIRTON MCCONKIE | NA | $33,112 | — | $33,112 |
| FITCH SOLUTIONS | NA | $32,795 | — | $32,795 |
| SECOR INVESTMENT MANAGEMENT LP | NA | $28,988 | — | $28,988 |
| BCA RESEACH | NA | $28,188 | — | $28,188 |
| ALPINE MACRO | NA | $26,724 | — | $26,724 |
| PITCHBOOK DATA, INC | NA | $24,638 | — | $24,638 |
| MERCER INVESTMENTS LLC | NA | $20,000 | — | $20,000 |
| EVESTMENT ALLIANCE LLC | NA | $19,464 | — | $19,464 |
| AOSPHERE LIMITED | NA | $18,900 | — | $18,900 |
| ZIONS | NA | $16,677 | — | $16,677 |
| SCALAR LLC | NA | $13,500 | — | $13,500 |
| COLUMBIA MANAGEMENT INVESTMENT ADVI | NA | $12,937 | — | $12,937 |
| PREQIN LIMITED | NA | $11,406 | — | $11,406 |
| ALSTON & BIRD LLP | NA | $10,105 | — | $10,105 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JP MORGAN INVEST MGMT — NA
- PRUDENTIAL INSURANCE CO — NA
- JP MORGAN CHASE BANK — NA
- DELOITTE & TOUCHE LLP — NA
- EAGLE CAPITAL MANAGEMENT — NA
- VICTORY CAPITAL MANAGEMENT INC — NA
- FISHER INVESTMENTS — NA
- TROUTMAN PEPPER HAMILTON SANDERS LL — NA
- COLUMBIA MANAGEMENT INVESTMENT ADVI — NA
- ALSTON & BIRD LLP — NA
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,822,194
- Estimated Expense Ratio: 0.139% 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 | $22,159,413 | $17,765,775 | — | $201,020 | — |
| 2023 | $21,469,420 | $17,197,368 | — | $167,944 | — |
| 2022 | $23,135,522 | $19,248,907 | — | — | — |