Plan Ledger DOL Form 5500 · updated monthly

Freedom Plaza Operating Company401(k)

FREEDOM PLAZA ARIZONA RETIREMENT SAVINGS PLAN · PEORIA, AZ · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Freedom Plaza Operating Company reported $23,970 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $354 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 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Arizona (863rd of 1,285), and 8,143rd of 11,911 in health care & social assistance. In 2024, employees put in $8.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,613,821
Participants with balances283
Active participants235
Employer contributions$83,091
Employee contributions$703,843
Employer contribution per active participant$354
Average account balance$16,303
Benefits paid to participants$782,160
Plan auditUnmodified (clean) audit opinion
AuditorDAVID L. BUCK CPA
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 283 accts · $83K emplr
2023$4.2M · 278 accts · $84K emplr
2022$3.7M · 239 accts · $73K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,279
Investment management$16,691
Total administrative$23,970
The Freedom Plaza Operating Company 401(k) match · 2024
Employer contribution per active participant$354
Median for plans this size$1,313
2024$354 per active participant
2023$373 per active participant
2022$334 per active participant

Freedom Plaza Operating Company'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 · 20242
PENSIONMARK FINANCIAL GROUP, LLC · Recordkeeping · Trustee$16,691
ADP, INC. · Loan processing · Recordkeeping$7,278

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, PENSIONMARK FINANCIAL GROUP, LLC
2023ADP, PENSIONMARK FINANCIAL GROUP, LLC

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

Administrative cost history3
2024$23,970 · 0.54%
2023$18,386 · 0.47%
2022$20,420 · 0.53%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
Arion Care Solutions, LLC AZ$4.6M · 1.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822141102 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.