Plan Ledger DOL Form 5500 · updated monthly

Axos Financial, Inc.401(k)

AXOS FINANCIAL, INC. 401(K) PLAN · LAS VEGAS, NV · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Axos Financial, Inc. reported $242,522 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $2,405 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 0.28% to 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 27th-largest of 437 plans among Nevada employers on file, and the 824th of 4,798 in finance & insurance. In 2024, employees put in $3.46 for every $1.00 the employer contributed; active participation has grown from 1,346 to 1,683 since 2022.

Plan summary
Net assets, end of year$127,336,674
Participants with balances2,301
Active participants1,683
Employer contributions$4,047,576
Employee contributions$14,018,208
Employer contribution per active participant$2,405
Average account balance$55,340
Benefits paid to participants$9,126,219
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$127.3M · 2,301 accts · $4.0M emplr
2023$92.9M · 2,024 accts · $4.0M emplr
2022$65.2M · 1,867 accts · $3.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$242,522
Total administrative$242,522
The Axos Financial, Inc. 401(k) match · 2024
Employer contribution per active participant$2,405
Median for plans this size$3,635
2024$2,405 per active participant
2023$2,619 per active participant
2022$2,707 per active participant

Axos Financial, Inc.'s 2024 employer contribution ran below 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$242,521
CAMBRIDGE INVESTMENT RESEARCH ADVIS · Investment advisory (plan)indirect comp
ASCENSUS · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$242,522 · 0.22%
2023$173,765 · 0.22%
2022$186,924 · 0.28%
Same employer
Similar plansFinance & Insurance · Nevada
One Nevada Credit Union NV$35.4M · 0.02%
L/P Insurance Services LLC NV$33.6M · 0.26%
Clearcapital.com, Inc. NV$33.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330867444 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.