Plan Ledger DOL Form 5500 · updated monthly

Azusa Pacific University403(b)

AZUSA PACIFIC UNIVERSITY DEFINED CONTRIBUTION PLAN · AZUSA, CA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Azusa Pacific University reported $278,764 in plan administrative expenses for 2024: 0.09% of average plan assets, above the peer median. Employer contributions averaged $1,567 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 0.08% to 0.09%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 393rd-largest of 9,483 plans among California employers on file, and the 186th of 3,091 in educational services. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has shrunk from 2,329 to 1,888 since 2022.

Plan summary
Net assets, end of year$313,888,686
Participants with balances3,661
Active participants1,888
Employer contributions$2,958,014
Employee contributions$5,662,166
Employer contribution per active participant$1,567
Average account balance$85,739
Benefits paid to participants$23,844,919
Plan auditUnmodified (clean) audit opinion
AuditorCAPINCROUSE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$313.9M · 3,661 accts · $3.0M emplr
2023$294.2M · 3,548 accts · $3.0M emplr
2022$268.1M · 3,403 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$202,264
Investment management$60,000
Audit (IQPA)$16,500
Total administrative$278,764
Employer contributions to the Azusa Pacific University plan · 2024
Employer contribution per active participant$1,567
Median for plans this size$4,294
2024$1,567 per active participant
2023$1,308 per active participant
2022$731 per active participant

Azusa Pacific University's 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom 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
TIAA · Recordkeeping · Pension consulting$202,264
BENEFIT FINANCIAL SERVICES GROUP · Investment advisory (plan)$60,000
CAPINCROUSE LLP · Accounting / audit$16,500

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

Recordkeeper by year2
2024TIAA
2023AUTOMATIC DATA PROCESSING, INC., TIAA

This plan has changed recordkeepers within these filings. If you left Azusa Pacific University before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$278,764 · 0.09%
2023$266,557 · 0.09%
2022$227,236 · 0.08%
Same employer
Similar plansEducational Services · California
Pomona College CA$380.0M · 0.03%
Occidental College CA$320.8M · 0.05%
National University CA$319.3M · 0.10%
Chapman University CA$303.8M · 0.03%
University of la Verne CA$266.2M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951744369 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.