Plan Ledger DOL Form 5500 · updated monthly

Pinnacle West Capital Corporation401(k) + ESOP (KSOP)

PINNACLE WEST CAPITAL CORPORATION SAVINGS PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Pinnacle West Capital Corporation reported $2,452,781 in plan administrative expenses for 2024: 0.16% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,253 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 0.17% to 0.16%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other management of companies employers. By assets it is the 8th-largest of 1,285 plans among Arizona employers on file, and the 30th of 786 in management of companies. In 2024, employees put in $2.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,612,792,176
Participants with balances8,015
Active participants6,358
Employer contributions$27,038,574
Employee contributions$78,442,173
Employer contribution per active participant$4,253
Average account balance$201,222
Benefits paid to participants$154,595,100
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.6B · 8,015 accts · $27.0M emplr
2023$1.5B · 7,750 accts · $24.8M emplr
2022$1.3B · 7,553 accts · $23.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$438,454
Investment management$1,821,773
Total administrative$2,452,781
The Pinnacle West Capital Corporation 401(k) match · 2024
Employer contribution per active participant$4,253
Median for plans this size$5,259
2024$4,253 per active participant
2023$4,070 per active participant
2022$4,021 per active participant

Pinnacle West Capital Corporation's 2024 employer contribution ran below the $5,259 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 · 20243
FID INV INST OPS CO · Recordkeeping · Loan processing$462,394
FINANCIAL ENGINES · Investment advisory (participants) · Investment advisory (plan)$924,694
EDELMAN FINANCIAL ENGINES, LLC · Investment advisory (plan) · Participant communication$19,980

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

Recordkeeper by year2
2024Fidelity
2023Fidelity

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

Administrative cost history3
2024$2,452,781 · 0.16%
2023$2,375,178 · 0.17%
2022$2,496,391 · 0.17%
Same employer
Similar plansManagement of Companies · Arizona
Clayton Homes, Inc. TN$1.6B · 0.13%
Roper Technologies, Inc. FL$1.6B · 0.07%
Tnc US Holdings, Inc. NY$1.5B · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860512431 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.