Plan Ledger DOL Form 5500 · updated monthly

Candelen, Inc.401(k)

EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Candelen, Inc. reported $14,549 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $1,894 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 3 years on file its reported administrative ratio has held roughly steady near 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Arizona (929th of 1,285), and 2,542nd of 3,341 in other services. In 2024, employees put in $2.25 for every $1.00 the employer contributed; active participation has shrunk from 106 to 62 since 2022.

Plan summary
Net assets, end of year$3,571,280
Participants with balances108
Active participants62
Employer contributions$117,406
Employee contributions$264,209
Employer contribution per active participant$1,894
Average account balance$33,067
Benefits paid to participants$423,390
Plan auditUnmodified (clean) audit opinion
AuditorSSA, PC
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 108 accts · $117K emplr
2023$3.2M · 132 accts · $68K emplr
2022$2.7M · 138 accts · $68K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,944
Investment management$605
Total administrative$14,549
The Candelen, Inc. 401(k) match · 2024
Employer contribution per active participant$1,894
Median for plans this size$1,313
2024$1,894 per active participant
2023$813 per active participant
2022$644 per active participant

Candelen, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$13,944

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$14,549 · 0.43%
2023$12,662 · 0.43%
2022$9,917 · 0.42%
Same employer
Similar plansOther Services · Arizona
Westminster Village, Inc. AZ$3.8M · 0.48%
Auto Brakes, Inc. AZ$3.6M · 0.15%
Denali Midco 2 LLC AZ$2.7M · 6.51%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 860332919 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.