Snowbird Operations LLC 401(k) Review & Grade
Snowbird Employee Retirement Savings Plan
Holladay, UTArts, Entertainment & Recreation2,110 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$263Employer $ per active participant
$1,037Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$43.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.3 / 5017th percentile for employer $ per participant
- Low cost22.8 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 91th |
| Employee saving | 23th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,830 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $26,817 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Snowbird Operations put in about $263 per active participant, below the typical peer ($995). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $555,691 |
| Participant (employee) contributions | $2,188,574 |
| Other contributions (incl. rollovers in) | $19,604 |
| Administrative expenses paid from the plan | $14,890 |
| Investment advisory & management fees | $12,003 |
| Benefits paid out | $4,891,349 |
| Net assets, start / end of year | $38.7M / $43.1M |
| Active participants, start / end of year | 1,471 / 2,750 |
| Participants with account balances | 852 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Richey May and &co LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $12,003 reported compensation |
| Fidelity Investments Institutional | $2,887 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251023181234NAL0006918818001, received 2025-10-23, EIN 36-4785914, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.