Plan Ledger DOL Form 5500 · updated monthly

Basis Educational Ventures, LLC401(k)

BASIS EDUCATIONAL GROUP RETIREMENT PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Basis Educational Ventures, LLC reported $327,976 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,319 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 0.34% to 0.30%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 111th-largest of 1,285 plans among Arizona employers on file, and the 459th of 3,091 in educational services. In 2024, employees put in $1.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$117,955,783
Participants with balances3,632
Active participants2,492
Employer contributions$5,779,918
Employee contributions$8,548,255
Employer contribution per active participant$2,319
Average account balance$32,477
Benefits paid to participants$7,877,740
Plan auditUnmodified (clean) audit opinion
AuditorFESTER & CHAPMAN, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$118.0M · 3,632 accts · $5.8M emplr
2023$97.1M · 2,389 accts · $5.4M emplr
2022$76.9M · 3,068 accts · $4.7M emplr
Administrative expenses, itemized · 2024
Investment management$327,976
Total administrative$327,976
The Basis Educational Ventures, LLC 401(k) match · 2024
Employer contribution per active participant$2,319
Median for plans this size$3,635
2024$2,319 per active participant
2023$2,241 per active participant
2022$2,047 per active participant

Basis Educational Ventures, LLC'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 · 20243
VANGUARD ADVISERS INC. · Recordkeeping · Consulting$220,070
MERCER GLOBAL ADVISORS · Consulting$85,556
VANGUARD GROUP, INC. · Investment advisory (participants)$26,900

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$327,976 · 0.30%
2023$218,163 · 0.25%
2022$237,242 · 0.34%
Similar plansEducational Services · Arizona
Grand Canyon University AZ$158.3M · 0.31%
Imagine Learning LLC AZ$138.4M · 0.31%
Imagine Learning LLC AZ$89.5M · 0.31%
Sdi Education, Inc. AZ$65.8M · 0.00%
Zovio, Inc AZ$58.3M · 0.15%
Asu Enterprise Partners AZ$52.2M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810909912 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.