Plan Snapshot
- Plan Sponsor: Harmons Employee Welfare Benefit Plan Tr
- Sponsor EIN: 870230875
- Sponsor Address: 3540 SOUTH 4000 WEST, WEST VALLEY CITY, UT, 84120
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 3,671
- Total Assets: $3.5M
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 | 3,671 | $3.5M | $9.7M | $4.2M |
| 2023 | 3,641 | $1.6M | $9.3M | $4.1M |
| 2022 | 3,505 | $1.6M | $8.0M | $4.2M |
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 |
|---|---|---|---|---|
| SELECTHEALTH | Other Service Provider | $582,473 | — | $582,473 |
| PAYER MATRIX | Other Service Provider | $238,965 | — | $238,965 |
| UNIVERSITY OF UTAH HEALTH PLAN | Other Service Provider | $177,672 | — | $177,672 |
| EDUCATORS MUTUAL PLAN | Other Service Provider | $83,656 | — | $83,656 |
| WELLS FARGO BANK | Custodian / Trustee | $12,500 | — | $12,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,095,266
- Estimated Expense Ratio: 31.217% 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 | $1,129,622 | — | $1,117,122 | — | — |
| 2023 | $896,201 | — | $883,701 | — | — |
| 2022 | $823,409 | — | $810,909 | — | — |