Plan Ledger DOL Form 5500 · updated monthly

Arizona Technology Council401(k)

ARIZONA TECHNOLOGY COUNCIL MULTIPLE EMPLOYER 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
1.20%

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

Arizona Technology Council reported $75,917 in plan administrative expenses for 2024: 1.20% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,424 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 1.05% to 1.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Arizona (709th of 1,285), and 1,999th of 3,341 in other services. In 2024, employees put in $1.71 for every $1.00 the employer contributed; active participation has shrunk from 156 to 103 since 2022.

Plan summary
Net assets, end of year$7,097,050
Participants with balances165
Active participants103
Employer contributions$455,623
Employee contributions$778,306
Employer contribution per active participant$4,424
Average account balance$43,012
Benefits paid to participants$409,253
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 165 accts · $456K emplr
2023$5.6M · 167 accts · $161K emplr
2022$4.8M · 167 accts · $240K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,917
Total administrative$75,917
The Arizona Technology Council 401(k) match · 2024
Employer contribution per active participant$4,424
Median for plans this size$1,313
2024$4,424 per active participant
2023$1,500 per active participant
2022$1,535 per active participant

Arizona Technology Council's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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 · 20243
WELLS FARGO ADVISORS · Investment advisory (plan)$10,569
NOVA 401(K) ASSOCIATES · Contract administrator$4,187

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$75,917 · 1.20%
2023$33,823 · 0.65%
2022$63,682 · 1.05%
Similar plansOther Services · Arizona
Msr- Fsr, LLC AZ$7.3M · 0.48%
Kaizen Auto Care, LLC AZ$7.0M · 1.70%
Sonoran Schools AZ$6.5M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860684848 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.