Mountain Land Rehabilitation, LLC 401(k) Review & Grade
Mountain Land Rehabilitation 401(k) Plan
Salt Lake City, UTHealth Care & Social Assistance760 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$704Employer $ per active participant
$1,536Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$17.2MNet plan assets, end of year
$40,346Average balance per account
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 33th |
| Employee saving | 34th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,345 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mountain Land Rehabilitation put in about $704 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.37% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $535,154 |
| Participant (employee) contributions | $1,168,392 |
| Other contributions (incl. rollovers in) | $1,918,590 |
| Administrative expenses paid from the plan | $56,185 |
| Investment advisory & management fees | $42,517 |
| Benefits paid out | $1,071,129 |
| Net assets, start / end of year | $13.0M / $17.2M |
| Active participants, start / end of year | 448 / 1,073 |
| Participants with account balances | 426 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Traveller and Company |
Largest service providers (Schedule C)
| Soltis Investment Advisors LLC | $34,869 reported compensation |
| Fidelity Investments Institutional | $13,668 reported compensation |
| Strategic Advisors, Inc. | $7,648 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801122659NAL0015814370001, received 2025-08-01, EIN 87-0574059, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.