Plan Ledger DOL Form 5500 · updated monthly

Denali Midco 2 LLC401(k)

DENALI MIDCO 2 LLC 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
6.51%

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

Denali Midco 2 LLC reported $129,913 in plan administrative expenses for 2024: 6.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $257 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 1.27% to 6.51%. 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 (1,002nd of 1,285), and 2,726th of 3,341 in other services. In 2024, employees put in $3.84 for every $1.00 the employer contributed; active participation has grown from 167 to 1,222 since 2022.

Plan summary
Net assets, end of year$2,690,619
Participants with balances988
Active participants1,222
Employer contributions$314,599
Employee contributions$1,208,305
Employer contribution per active participant$257
Average account balance$2,723
Benefits paid to participants$682,501
Plan auditUnmodified (clean) audit opinion
AuditorBEACHFLEISCHMAN PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 988 accts · $315K emplr
2023$1.3M · 1,219 accts · $280K emplr
2022$366K · 64 accts · $32K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$129,913
Total administrative$129,913
The Denali Midco 2 LLC 401(k) match · 2024
Employer contribution per active participant$257
Median for plans this size$1,313
2024$257 per active participant
2023$337 per active participant
2022$193 per active participant

Denali Midco 2 LLC's 2024 employer contribution ran below the $1,313 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$129,913

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$129,913 · 6.51%
2023$37,326 · 4.48%
2022$4,388 · 1.27%
Same employer
Similar plansOther Services · Arizona
Candelen, Inc. AZ$3.6M · 0.43%
Auto Brakes, Inc. AZ$3.6M · 0.15%
Lee Hill Investments LLC AZ$2.0M · 0.54%
Gcaz Services, Inc. AZ$1.8M · 0.62%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 873906696 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.