Plan Snapshot
- Plan Sponsor: Primary Residential Mortgage, INC.
- Sponsor EIN: 860860478
- Sponsor Address: 1480 NORTH 2200 WEST, SALT LAKE CITY, UT, 84116
- Plan Type: 401(k)
- Total Participants: 1,066
- Total Assets: $81.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,066 | $81.7M | $984,896 | $4.5M |
| 2023 | 1,074 | $79.2M | $699,380 | $5.0M |
| 2022 | 2,645 | $82.7M | $2.4M | $9.5M |
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 |
|---|---|---|---|---|
| RH BUCHANAN | NONE | $298,383 | — | $298,383 |
| EQUITY TRUST COMPANY | NONE | $170,097 | — | $170,097 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $468,480
- Estimated Expense Ratio: 0.573% 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 | $468,480 | $298,383 | — | — | — |
| 2023 | $736,416 | $353,863 | — | — | — |
| 2022 | $802,073 | — | — | — | $410,299 |