Plan Ledger DOL Form 5500 · updated monthly

Air Force Academy Athletic Corporation401(k)

AFAAC 401(K) PLAN · USAF ACADEMY, CO · plan year 2024

Reported admin expense ratio · 2024
0.98%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Air Force Academy Athletic Corporation reported $98,970 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,595 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.53% to 0.98%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Colorado (758th of 1,461), and the 1,591st of 3,341 in other services. In 2024, employees put in $1.62 for every $1.00 the employer contributed; active participation has grown from 117 to 133 since 2022.

Plan summary
Net assets, end of year$10,747,137
Participants with balances157
Active participants133
Employer contributions$478,142
Employee contributions$776,176
Employer contribution per active participant$3,595
Average account balance$68,453
Benefits paid to participants$1,280,294
Plan auditUnmodified (clean) audit opinion
AuditorSTOCKMAN KAST RYAN & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 157 accts · $478K emplr
2023$9.5M · 162 accts · $459K emplr
2022$7.7M · 154 accts · $367K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$98,970
Total administrative$98,970
The Air Force Academy Athletic Corporation 401(k) match · 2024
Employer contribution per active participant$3,595
Median for plans this size$2,416
2024$3,595 per active participant
2023$3,529 per active participant
2022$3,135 per active participant

Air Force Academy Athletic Corporation's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
MORGAN STANLEY · Investment advisory (plan)$25,413
ASCENSUS HOLDINGS, LLC · Contract administrator$13,969
EMPOWER ADVISORY GROUP, LLC · Investment management$4,858

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$98,970 · 0.98%
2023$50,887 · 0.59%
2022$43,986 · 0.53%
Similar plansOther Services · Colorado
Denver Dumb Friends League CO$12.7M · 0.04%
The Resource Exchange, Inc. CO$11.9M · 0.13%
John Bowman, Inc. CO$11.2M · 0.67%
The Parlour Inc. CO$7.2M · 0.89%
Outreach Inc CO$6.3M · 1.02%
Mader Corporation CO$6.2M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454331061 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.