Plan Snapshot
- Plan Sponsor: Utah Medical Products, INC.
- Sponsor EIN: 870342734
- Sponsor Address: 7043 SOUTH 300 WEST, MIDVALE, UT, 84047
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 78
- Total Assets: $11,594
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. |
|---|---|---|---|---|
| 2025 | 78 | $11,594 | $0 | $0 |
| 2024 | 87 | $16,973 | $1.4M | $222,204 |
| 2023 | 91 | $12,412 | $1.0M | $208,116 |
| 2022 | 93 | $4,885 | $1.2M | $203,625 |
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 |
|---|---|---|---|---|
| TALL TREE ADMINISTRATORS | Recordkeeper | $44,450 | — | $44,450 |
| NFP CORPORATE SERVICES | Investment Advisor | $9,978 | — | $9,978 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,428
- Estimated Expense Ratio: 469.450% 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 |
|---|---|---|---|---|---|
| 2025 | $1,133,970 | — | — | — | — |
| 2024 | $1,580,966 | — | — | — | — |
| 2023 | $1,255,105 | — | — | — | — |
| 2022 | $1,409,657 | — | — | — | — |