Plan Ledger DOL Form 5500 · updated monthly

Axon Enterprise, Inc.401(k)

AXON 401(K) PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Axon Enterprise, Inc. reported $478,753 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,917 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 fell from 0.27% to 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 70th-largest of 1,285 plans among Arizona employers on file, and the 1,055th of 13,661 in manufacturing. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 2,266 to 3,206 since 2022.

Plan summary
Net assets, end of year$228,617,602
Participants with balances3,584
Active participants3,206
Employer contributions$15,764,960
Employee contributions$30,133,076
Employer contribution per active participant$4,917
Average account balance$63,788
Benefits paid to participants$17,063,329
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$228.6M · 3,584 accts · $15.8M emplr
2023$161.2M · 2,950 accts · $12.3M emplr
2022$105.6M · 2,490 accts · $9.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$283,505
Investment management$195,248
Total administrative$478,753
The Axon Enterprise, Inc. 401(k) match · 2024
Employer contribution per active participant$4,917
Median for plans this size$3,635
2024$4,917 per active participant
2023$4,708 per active participant
2022$4,238 per active participant

Axon Enterprise, Inc.'s 2024 employer contribution ran above the $3,635 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
EMPOWER ADVISORY GROUP, LLC · Investment management$159,249
MMA SECURITIES LLC · Investment advisory (plan)$35,999

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$478,753 · 0.25%
2023$344,504 · 0.26%
2022$277,449 · 0.27%
Same employer
Similar plansManufacturing · Arizona
Benchmark Electronics, Inc. AZ$378.9M · 0.09%
Reliance, Inc. AZ$370.8M · 0.01%
Rogers Corporation AZ$244.5M · 0.06%
Mitel (Delaware), Inc. AZ$227.8M · 0.11%
Amkor Technology, Inc. AZ$222.9M · 0.06%
Bar-S Foods Co. AZ$211.8M · 0.24%
Cavco Industries, Inc. AZ$181.8M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860741227 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.