Plan Snapshot
- Plan Sponsor: Premier Tech INC.
- Sponsor EIN: 631228326
- Sponsor Address: 1894 W 2425 S, WOODS CROSS, UT, 84087
- Plan Type: 401(k)
- Total Participants: 352
- Total Assets: $23.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 352 | $23.5M | $782,160 | $1.8M |
| 2023 | 348 | $21.1M | $791,346 | $1.6M |
| 2022 | 335 | $18.7M | $641,791 | $1.5M |
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 |
|---|---|---|---|---|
| UHY LLP | ACCOUNTANT/AUDITOR | $51,250 | — | $51,250 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $45,244 | — | $45,244 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UHY LLP — ACCOUNTANT/AUDITOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,494
- Estimated Expense Ratio: 0.411% 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 | $96,494 | — | — | $51,250 | — |
| 2023 | $37,418 | — | — | $1,743 | — |
| 2022 | $70,732 | — | — | — | — |