Plan Ledger DOL Form 5500 · updated monthly

Learning Matters Educational Group401(k)

LEARNING MATTERS 401(K) PLAN · GLENDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Learning Matters Educational Group reported $4,658 in plan administrative expenses for 2024: 0.20% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,259 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 0.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Arizona (995th of 1,285), and 2,763rd of 3,091 in educational services. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 111 to 206 since 2022.

Plan summary
Net assets, end of year$2,782,911
Participants with balances276
Active participants206
Employer contributions$259,448
Employee contributions$525,943
Employer contribution per active participant$1,259
Average account balance$10,083
Benefits paid to participants$66,433
Plan auditUnmodified (clean) audit opinion
AuditorMANSPERGER, PATTERSON AND MCMULLIN
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 276 accts · $259K emplr
2023$1.9M · 223 accts · $97K emplr
2022$1.5M · 184 accts · $43K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,840
Investment management$1,818
Total administrative$4,658
The Learning Matters Educational Group 401(k) match · 2024
Employer contribution per active participant$1,259
Median for plans this size$1,313
2024$1,259 per active participant
2023$632 per active participant
2022$383 per active participant

Learning Matters Educational Group's 2024 employer contribution ran below 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$1,818

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$4,658 · 0.20%
2023$4,655 · 0.28%
2022$3,022 · 0.19%
Similar plansEducational Services · Arizona
P.P.E.P., Inc. AZ$4.2M · 0.67%
Choice Academies, Inc. AZ$2.9M · 1.05%
Bryan University, LLC AZ$2.3M · 0.62%
Accel AZ$2.1M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203176543 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.