Plan Ledger DOL Form 5500 · updated monthly

Many Farms Community School, Inc.401(k)

MANY FARMS COMMUNITY SCHOOL 401(K) PLAN · MANY FARMS, AZ · plan year 2024

Reported admin expense ratio · 2024
1.39%

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

Many Farms Community School, Inc. reported $38,190 in plan administrative expenses for 2024: 1.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,853 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 2.17% to 1.39%. 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 (982nd of 1,285), and 2,730th of 3,091 in educational services. In 2024, employees put in $1.04 for every $1.00 the employer contributed; active participation has shrunk from 115 to 102 since 2022.

Plan summary
Net assets, end of year$2,947,946
Participants with balances129
Active participants102
Employer contributions$189,006
Employee contributions$197,082
Employer contribution per active participant$1,853
Average account balance$22,852
Benefits paid to participants$270,150
Plan auditUnmodified (clean) audit opinion
AuditorN/A - INDIAN TRIBAL GOVERNMENT PLAN
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 129 accts · $189K emplr
2023$2.5M · 136 accts · $215K emplr
2022$2.2M · 146 accts · $194K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,164
Investment management$16,026
Total administrative$38,190
The Many Farms Community School, Inc. 401(k) match · 2024
Employer contribution per active participant$1,853
Median for plans this size$1,313
2024$1,853 per active participant
2023$1,987 per active participant
2022$1,684 per active participant

Many Farms Community School, Inc.'s 2024 employer contribution ran above 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,566
PFG ADVISORS, LLC · Investment advisory (participants)$16,026

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$38,190 · 1.39%
2023$36,497 · 1.54%
2022$43,172 · 2.17%
Similar plansEducational Services · Arizona
P.P.E.P., Inc. AZ$4.2M · 0.67%
Choice Academies, Inc. AZ$2.9M · 1.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262582636 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.