Plan Ledger DOL Form 5500 · updated monthly

Azurite Professional Community, Inc.401(k)

AZURITE PROFESSIONAL COMMUNITY 401(K) AND PROFIT SHARING PLAN · ALBUQUERQUE, NM · plan year 2023

Reported admin expense ratio · 2023
0.39%

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

Azurite Professional Community, Inc. reported $80,654 in plan administrative expenses for 2023: 0.39% of average plan assets, above the peer median. Employer contributions averaged $3,393 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 63rd-largest of 290 plans among New Mexico employers on file, and the 4,590th of 11,654 in professional & technical services. In 2023, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,221,831
Participants with balances276
Active participants237
Employer contributions$804,113
Employee contributions$1,478,291
Employer contribution per active participant$3,393
Average account balance$95,007
Benefits paid to participants$2,857,437
Plan auditUnmodified (clean) audit opinion
AuditorREDW LLC
Plan history2
Yearassets · accounts · employer contribution
2024$0 · $378K emplr
2023$26.2M · 276 accts · $804K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$80,654
Total administrative$80,654
The Azurite Professional Community, Inc. 401(k) match · 2023
Employer contribution per active participant$3,393
Median for plans this size$2,440

Azurite Professional Community, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$80,673
CETERA ADVISOR NETWORKS INSURANCE S · Other servicesindirect comp
PATTISON PENSION SPECIALISTS · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MGMT LLC · 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 history2
2024Not separately reported
2023$80,654 · 0.39%
All plans at this employer2
AZURITE PROFESSIONAL COMMUNITY 401(K) AND PROFIT SHARING PLAN401(k)
AZURITE PROFESSIONAL COMMUNITY EMPLOYEE STOCK OWNERSHIP PLANESOP
Similar plansProfessional & Technical Services · New Mexico
Redw LLC NM$35.6M · 0.12%
Speridian Technologies, LLC NM$24.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 934207776 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.