Plan Ledger DOL Form 5500 · updated monthly

Ptm Paratransit of Tucson, Inc.401(k)

PTM PARATRANSIT OF TUCSON, INC. RETIREMENT SAVINGS PLAN · TUCSON, AZ · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Ptm Paratransit of Tucson, Inc. reported $23,992 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $2,256 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 0.55% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Arizona (840th of 1,285), and 1,644th of 2,677 in transportation & warehousing. In 2024, employees put in $1.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,944,757
Participants with balances158
Active participants150
Employer contributions$338,397
Employee contributions$445,668
Employer contribution per active participant$2,256
Average account balance$31,296
Benefits paid to participants$497,490
Plan auditUnmodified (clean) audit opinion
AuditorMANSPERGER, PATTERSON & MCMILLIN
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 158 accts · $338K emplr
2023$4.3M · 149 accts · $324K emplr
2022$3.6M · 161 accts · $316K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,992
Total administrative$23,992
The Ptm Paratransit of Tucson, Inc. 401(k) match · 2024
Employer contribution per active participant$2,256
Median for plans this size$1,313
2024$2,256 per active participant
2023$2,297 per active participant
2022$1,989 per active participant

Ptm Paratransit of Tucson, 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$23,992

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$23,992 · 0.52%
2023$23,101 · 0.59%
2022$20,639 · 0.55%
Similar plansTransportation & Warehousing · Arizona
L.J. Leasing, Inc. AZ$5.6M · 1.19%
Ohlinger Industries, Inc. AZ$4.9M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113717707 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.