Deseret 401(K) Plan — Form 5500 plan (Deseret Mutual Benefit Administrators)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Deseret 401(K) Plan is a benefit plan reported by Deseret Mutual Benefit Administrators under EIN 87-0440163 and plan number 003. The latest loaded filing year is 2023. The filing reports 38,347 participants and $5,481,729,272 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Deseret Mutual Benefit Administrators
EIN
87-0440163
Plan number
003
Plan type
2
Location
Salt Lake City, UT
Latest filing year
2023
Participants
38,347
End-of-year plan assets
$5,481,729,272

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202338,347H, C20240726134835NAL0015543649001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$5,481,729,272
Total liabilities (EOY)
$0
Net assets (EOY)
$5,481,729,272
Net assets (BOY)
$4,664,327,790

Income & contributions

Employer contributions
$170,537,773
Participant contributions
$167,812,642
Total contributions
$356,136,075
Total income / additions
$1,091,649,443

Expenses & distributions

Benefits paid
$273,375,330
Administrative expenses
$710,633
Total expenses
$274,247,961
Net increase / (decrease)
$817,401,482

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Trust Company LLCRECORDKEEPER$828,041$02023

Related Form 5500 pages