Plan Ledger DOL Form 5500 · updated monthly

Azoa Services Corporation401(k)

ALLIANZ ASSET ACCUMULATION PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Azoa Services Corporation reported $1,774,000 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $10,812 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 0.10% to 0.09%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 23rd-largest of 1,918 plans among Minnesota employers on file, and the 93rd of 4,798 in finance & insurance. In 2024, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,114,892,000
Participants with balances8,603
Active participants4,904
Employer contributions$53,022,000
Employee contributions$71,269,000
Employer contribution per active participant$10,812
Average account balance$245,832
Benefits paid to participants$251,661,000
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.1B · 8,603 accts · $53.0M emplr
2023$2.0B · 8,963 accts · $47.8M emplr
2022$1.7B · 9,000 accts · $43.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$687,079
Investment management$25,000
Audit (IQPA)$71,450
Trustee / custodial$225,048
Total administrative$1,774,000
The Azoa Services Corporation 401(k) match · 2024
Employer contribution per active participant$10,812
Median for plans this size$5,259
2024$10,812 per active participant
2023$9,050 per active participant
2022$8,435 per active participant

Azoa Services Corporation's 2024 employer contribution ran above the $5,259 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 · 20249
ALIGHT SOLUTIONS LLC · Recordkeeping$604,490
THE BANK OF NEW YORK MELLON · Custodial (securities) · Trustee$225,048
CROWE LLP · Accounting / audit$71,450
WILLIS TOWERS WATSON · Contract administrator$27,689
SEYFARTH SHAW LLP · Contract administrator · Consulting$27,587
MORNINGSTAR · Investment management$25,000
AON CONSULTING · Contract administrator · Consulting$24,500
PERSHING LLCindirect comp
ALIGHT FINANCIAL SOLUTIONS, LLC · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Alight
2023Alight

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Administrative cost history3
2024$1,774,000 · 0.09%
2023$1,051,000 · 0.06%
2022$1,892,000 · 0.10%
Same employer
Similar plansFinance & Insurance · Minnesota
U.S. Bancorp MN$13.0B · 0.04%
Travelers Companies, Inc. MN$10.4B · 0.04%
Prime Therapeutics LLC MN$911.3M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751723041 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.