Plan Ledger DOL Form 5500 · updated monthly

Northcentral University401(k)

NATIONAL EDUCATION PARTNERS, INC. 401(K) PLAN · SCOTTSDALE, AZ · plan year 2022

Reported admin expense ratio · 2022
0.14%

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

Northcentral University reported $23,537 in plan administrative expenses for 2022: 0.14% of average plan assets, below the peer median. Employer contributions averaged $50,038 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Arizona (694th of 1,285), and 2,305th of 3,091 in educational services. In 2022, employees put in $3.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,363,093
Participants with balances643
Active participants9
Employer contributions$450,340
Employee contributions$1,764,627
Employer contribution per active participant$50,038
Average account balance$11,451
Benefits paid to participants$16,535,407
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $4K emplr
2022$7.4M · 643 accts · $450K emplr
Administrative expenses, itemized · 2022
Investment management$10,183
Total administrative$23,537
The Northcentral University 401(k) match · 2022
Employer contribution per active participant$50,038
Median for plans this size$2,266

Northcentral University's 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$23,537 · 0.14%
Similar plansEducational Services · Arizona
Issa, LLC AZ$5.9M · 0.76%
Valley Christian Schools AZ$5.0M · 1.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900171867 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.