Plan Ledger DOL Form 5500 · updated monthly

Ironwood Physicians401(k)

IRONWOOD PHYSICIANS 401(K) PLAN · CHANDLER, AZ · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Ironwood Physicians reported $53,125 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $3,431 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 0.10% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 160th-largest of 1,285 plans among Arizona employers on file, and the 1,553rd of 11,911 in health care & social assistance. In 2024, employees put in $2.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$62,919,116
Participants with balances705
Active participants517
Employer contributions$1,774,076
Employee contributions$4,095,562
Employer contribution per active participant$3,431
Average account balance$89,247
Benefits paid to participants$3,758,895
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$62.9M · 705 accts · $1.8M emplr
2023$52.7M · 673 accts · $1.7M emplr
2022$42.6M · 687 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,125
Total administrative$53,125
The Ironwood Physicians 401(k) match · 2024
Employer contribution per active participant$3,431
Median for plans this size$3,635
2024$3,431 per active participant
2023$3,529 per active participant
2022$2,931 per active participant

Ironwood Physicians'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 · 20241
ADP, INC. · Recordkeeping · Investment advisory (participants)$53,125

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$53,125 · 0.09%
2023$48,476 · 0.10%
2022$47,617 · 0.10%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
Creative Testing Solutions AZ$83.1M · 0.16%
Simonmed Imaging, Inc. AZ$50.1M · 1.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731636831 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.