Utah › Manufacturing › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Petersen, Inc. Frozen Capital Accumulation Plan
Sponsored by Petersen, Inc., Ogden, UT
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Petersen, Inc. Frozen Capital Accumulation Plan is an employee stock ownership plan sponsored by Petersen, Inc. of Ogden, Utah. For the plan year ending 31 Dec 2024 it reported 611 participants, 584 of them active, and net assets of $1.7M.
Net assets came to $2,860 per participant, well below the $46,267 median for defined contribution plans with 500 to 999 participants and well below the $62,303 median for defined contribution plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $65K: $107 per participant, below the same-size median of $113. Administrative expenses charged to the plan were $65K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $8.5M in 2009 to $1.7M in 2024 (down 79%), and participants from 484 to 611 (up 26%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $2,860 | $46,267 | $62,303 | $53,102 |
| Employer contributions per active participant | — | $1,934 | $2,187 | $2,175 |
| Schedule C compensation per participant | $107 | $113 | $136 | $123 |
| Schedule C compensation, share of net assets | 3.7% | 0.25% | 0.24% | 0.26% |
| Administrative expenses per participant | $107 | $109 | $131 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), manufacturing (11,377) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 611 | $1.7M | $2,861 | — | — | $65K |
| 2023 | 610 | $11.2M | $18,428 | — | — | $122K |
| 2022 | 610 | $17.0M | $27,913 | — | — | $43K |
| 2021 | 612 | $58.6M | $95,708 | $5.9M | — | $0 |
| 2020 | 595 | $49.5M | $83,146 | $1.0M | — | $0 |
| 2019 | 496 | $37.2M | $75,073 | $1.4M | — | $0 |
| 2018 | 535 | $29.9M | $55,849 | $581K | — | $0 |
| 2017 | 599 | $26.0M | $43,421 | $809K | — | $0 |
| 2016 | 565 | $25.1M | $44,340 | $732K | — | $0 |
| 2015 | 497 | $23.0M | $46,312 | $691K | — | $0 |
| 2014 | 520 | $20.0M | $38,485 | $793K | — | $0 |
| 2013 | 549 | $19.4M | $35,306 | $839K | — | $0 |
| 2012 | 554 | $19.0M | $34,303 | $895K | — | $0 |
| 2011 | 504 | $15.9M | $31,591 | $962K | — | $0 |
| 2010 | 531 | $10.0M | $18,798 | $1.1M | — | $0 |
| 2009 | 484 | $8.5M | $17,467 | $371K | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$11,241,183
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$751,361
- Benefits paid$10,179,519
- Administrative expenses$65,365
- Total expenses$10,244,884
- Net income−$9,493,523
- Net transfers$0
- Net assets, end of year$1,747,660
Participants
- Active participants584
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits17
- Participants with account balances611
- Total participants, end of year611
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Greatbanc Trust Company | Trustee (discretionary); Investment advisory (plan) | $53,600 | $0 |
| Polsinelli | Legal; Other services | $11,765 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Trustee and custodial fees$53,600
- Legal fees$11,765
- Total administrative expenses$65,365
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Cash (interest and non-interest bearing)$1.7M · 99.4%
- Receivables$11K · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmRasmuson & Company, PC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $3,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2KCode section 401(m) arrangement2OESOP other than a leveraged ESOP2PLeveraged ESOP2QThe employer maintaining this ESOP is an S corporation3IPlan requiring that all or part of employer contributions be invested and held in employer securities
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 332900: Other Fabricated Metal Product Mfg.
Similar plans in Utah
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Gossner Foods 401(k) Profit Sharing Plan | Gossner Foods, Inc. | 665 | $55.1M | $82,891 |
| Bull Frog International, L.C. 401(k) Plan | Bullfrog International, L.C. | 602 | $11.2M | $18,608 |
| Thatcher Company Profit Sharing Plan | Thatcher Group, Inc. | 682 | $101M | $147,799 |
| Rio Tinto Alcan 401(k) Savings Plan for Former Employees | Alcan Corporation C/o Rio Tinto America | 585 | $119M | $203,988 |
| Traeger 401(k) Plan | Traeger Pellet Grills, LLC | 707 | $37.2M | $52,588 |
| Mountain Country Foods Employees' 401(k) Profit Sharing Plan | Mountain Country Foods, LLC. | 577 | $24.1M | $41,764 |
Defined contribution plans in manufacturing closest in size.
Questions and answers
How big is Petersen, Inc. Frozen Capital Accumulation Plan?
611 participants at the end of the plan year ending 31 Dec 2024, of whom 584 were active employees, with net assets of $1,747,660. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Petersen, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $65,365 in compensation to service provider organisations, $107 per participant or 3.7% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $65,365. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Petersen, Inc.. Investment advisory or management: Greatbanc Trust Company. Trustee or custodian: Greatbanc Trust Company. The financial statements were audited by Rasmuson & Company, PC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 87-0354727, plan 003, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.