Deseret Mutual Benefit Administrators 401(k) Plan: Login, Facts & Contact Information

Deseret Mutual Benefit Administrators 401(k) Plan Facts

Plan name
DESERET 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
DESERET MUTUAL BENEFIT ADMINISTRATORS
Participants
39,425 (25,752 active employees)
Former employees with a balance
10,730
Plan assets
$6,145,738,842 at Dec 31, 2024
Average account balance
$154,423 across 39,798 accounts
Employer contributions
$186,266,915 in plan year 2024 (49% of all contributions)
Recordkeeper
Empower Trust Company Llc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Feb 1, 1984
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jul 28, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $383.0 million went into the plan in contributions, $186.3 million of it from the employer (49%).
  • $341.0 million was paid out to participants.
  • Investment and other income added $623.0 million.
  • Administrative expenses were $716,886, about $18 per account.

How the Deseret Mutual Benefit Administrators 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201934,700$4.26 billion$64.3 million$210.7 million
202035,981$4.81 billion$118.9 million$230.7 million
202135,896$5.44 billion$124.2 million$256.1 million
202236,740$4.66 billion$139.1 million$236.5 million
202338,347$5.48 billion$170.5 million$273.4 million
202439,425$6.15 billion$186.3 million$341.0 million

Deseret Mutual Benefit Administrators 401(k) Contact Information

Phone
801-578-5600
Mailing address
PO BOX 45530, SALT LAKE CITY UT 84145
Plan sponsor
DESERET MUTUAL BENEFIT ADMINISTRATORS
Employer identification number (EIN)
87-0440163
Plan number
003

Questions about the Deseret Mutual Benefit Administrators 401(k)

Does Deseret Mutual Benefit Administrators contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $186.3 million, 49% of all contributions.

Does the Deseret Mutual Benefit Administrators 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Deseret Mutual Benefit Administrators 401(k) plan?

39,425 participants at the start of plan year 2024, 25,752 of them active employees, and 10,730 former employees who still had money in the plan.

What is the average 401(k) balance at Deseret Mutual Benefit Administrators?

About $154,423 per account: $6.15 billion in plan assets across 39,798 accounts with a balance at the end of plan year 2024.

Who manages the Deseret Mutual Benefit Administrators 401(k) accounts?

Empower (listed on the filing as EMPOWER TRUST COMPANY LLC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Deseret Mutual Benefit Administrators. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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