State Bank of Southern Utah 401(k) match, vesting and fees
What State Bank of Southern Utah's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Hinton Burdick, PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| State Bank of Southern Utah: employer contribution per participant | $3,415 | |
| Peer median | $2,868 |
| State Bank of Southern Utah: average balance | $103,478 | |
| Peer median | $95,281 |
| State Bank of Southern Utah: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $26.5M at the end of plan year 2021 to $34.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 353 | $34.9M | $1.2M | $3,415 | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 327 | $28.4M | $1.1M | $3,382 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 328 | $23.6M | $1000K | $3,184 | 0.07% | Not published | Form 5500 ↗ |
| 2021 | 321 | $26.5M | $819K | $2,704 | 0.06% | Not published | Form 5500 ↗ |
Common questions
Does State Bank of Southern Utah match 401(k) contributions?
The match terms for the State Bank of Southern Utah Profit Sharing 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $1.2M in employer contributions, about $3,415 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the State Bank of Southern Utah 401(k) match vested?
The vesting schedule for the State Bank of Southern Utah Profit Sharing 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the State Bank of Southern Utah 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is State Bank of Southern Utah.
I left State Bank of Southern Utah. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (State Bank of Southern Utah, (435) 865-2300) or the recordkeeper, Fidelity Investments Institutional. The State Bank of Southern Utah old 401(k) page lists the contacts from every plan filing. Find an old State Bank of Southern Utah 401(k)
Data from the public Form 5500 annual reports State Bank of Southern Utah filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with State Bank of Southern Utah. Not financial advice. Report a correction · Methodology