Plan Ledger DOL Form 5500 · updated monthly

Salt River Materials Group401(k)

SALT RIVER MATERIALS GROUP 401(K) PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Salt River Materials Group reported $60,391 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $9,789 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 0.073%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other public administration employers. By assets it is the 129th-largest of 1,285 plans among Arizona employers on file, and the 7th of 90 in public administration. In 2024, employees put in $1.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$89,339,093
Participants with balances459
Active participants420
Employer contributions$4,111,498
Employee contributions$4,230,064
Employer contribution per active participant$9,789
Average account balance$194,639
Benefits paid to participants$7,877,396
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$89.3M · 459 accts · $4.1M emplr
2023$76.8M · 459 accts · $3.7M emplr
2022$66.6M · 445 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,391
Total administrative$60,391
The Salt River Materials Group 401(k) match · 2024
Employer contribution per active participant$9,789
Median for plans this size$3,635
2024$9,789 per active participant
2023$8,569 per active participant
2022$7,609 per active participant

Salt River Materials Group's 2024 employer contribution ran above the $3,635 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 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$60,391

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$60,391 · 0.07%
2023$53,786 · 0.08%
2022$52,634 · 0.07%
Similar plansPublic Administration · Arizona
Pascua Yaqui Tribe AZ$75.6M · 0.09%
Tonto Apache Tribe AZ$8.3M · 0.60%
Yavapai Apache Nation AZ$7.5M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562621824 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.