Plan Ledger DOL Form 5500 · updated monthly

Sequoia One Peo, LLC401(k)

SEQUOIA ONE 401(K) PLAN · TEMPE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Sequoia One Peo, LLC reported $2,046,928 in plan administrative expenses for 2024: 0.17% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,808 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 0.30% to 0.17%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 11th-largest of 1,285 plans among Arizona employers on file, and the 134th of 4,798 in finance & insurance. In 2024, employees put in $4.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,398,458,926
Participants with balances20,083
Active participants32,912
Employer contributions$59,496,682
Employee contributions$258,855,814
Employer contribution per active participant$1,808
Average account balance$69,634
Benefits paid to participants$187,703,316
Plan auditUnmodified (clean) audit opinion
AuditorBPM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.4B · 20,083 accts · $59.5M emplr
2023$1.0B · 10,053 accts · $52.5M emplr
2022$774.0M · 27,961 accts · $45.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,971,461
Total administrative$2,046,928
The Sequoia One Peo, LLC 401(k) match · 2024
Employer contribution per active participant$1,808
Median for plans this size$5,259
2024$1,808 per active participant
2023$1,687 per active participant
2022$1,516 per active participant

Sequoia One Peo, LLC's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom 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 · 20242
BPM LLP · Accounting / audit$47,250

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$2,046,928 · 0.17%
2023$1,362,435 · 0.15%
2022$2,152,192 · 0.30%
Same employer
Similar plansFinance & Insurance · Arizona
Vision Service Plan CA$1.5B · 0.07%
Lockton, Inc. MO$1.4B · 0.06%
Erie Indemnity Company PA$1.4B · 0.02%
Bank of the West CA$1.3B · 0.07%
Xl America, Inc. CT$1.3B · 0.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 464716239 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.