Plan Snapshot
- Plan Sponsor: Kennecott Utah Copper LLC
- Sponsor EIN: 133108078
- Sponsor Address: 4700 DAYBREAK PARKWAY, SOUTH JORDAN, UT, 84009
- Plan Type: 401(k)
- Total Participants: 1,584
- Total Assets: $130.5M
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 | 1,584 | $130.5M | $4.2M | $6.3M |
| 2023 | 1,322 | $114.7M | $3.7M | $5.9M |
| 2022 | 1,359 | $95.7M | $2.9M | $5.5M |
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 |
|---|---|---|---|---|
| BDO USA, P.C. | NONE | $31,348 | — | $31,348 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $10,345 | — | $10,345 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,693
- Estimated Expense Ratio: 0.032% 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 | $43,810 | — | — | $31,348 | — |
| 2023 | $64,187 | — | — | $29,955 | — |
| 2022 | $55,706 | — | $6,399 | — | $48,083 |