Plan Ledger DOL Form 5500 · updated monthly

Grand Canyon Education, Inc.401(k)

GRAND CANYON EDUCATION EMPLOYEES 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Grand Canyon Education, Inc. reported $351,705 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $625 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 0.27% to 0.20%. 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 75th-largest of 1,285 plans among Arizona employers on file, and the 292nd of 3,091 in educational services. In 2024, employees put in $7.57 for every $1.00 the employer contributed; active participation has grown from 4,032 to 4,745 since 2022.

Plan summary
Net assets, end of year$191,737,317
Participants with balances6,911
Active participants4,745
Employer contributions$2,963,770
Employee contributions$22,449,760
Employer contribution per active participant$625
Average account balance$27,744
Benefits paid to participants$15,211,445
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS MAZARS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$191.7M · 6,911 accts · $3.0M emplr
2023$158.3M · 6,809 accts · $2.7M emplr
2022$123.9M · 6,681 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$313,205
Investment management$38,500
Total administrative$351,705
The Grand Canyon Education, Inc. 401(k) match · 2024
Employer contribution per active participant$625
Median for plans this size$3,635
2024$625 per active participant
2023$601 per active participant
2022$581 per active participant

Grand Canyon Education, Inc.'s 2024 employer contribution ran below the $3,635 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$313,205
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan)$38,500

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$351,705 · 0.20%
2023$358,415 · 0.25%
2022$357,305 · 0.27%
Same employer
Similar plansEducational Services · Arizona
Cable One, Inc. AZ$284.7M · 0.13%
Pima Medical Institute AZ$190.1M · 0.07%
Grand Canyon University AZ$158.3M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203356009 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.