Plan Ledger DOL Form 5500 · updated monthly

Shonto Governing Board of Education, Inc.401(k)

SPS RETIREMENT PLAN · SHONTO, AZ · plan year 2024

Reported admin expense ratio · 2024
1.96%

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

Shonto Governing Board of Education, Inc. reported $78,273 in plan administrative expenses for 2024: 1.96% of average plan assets, higher than ~90% of peers. Employer contributions averaged $949 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 2.10% to 1.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Arizona (885th of 1,285), and 2,593rd of 3,091 in educational services. In 2024, employees put in $1.39 for every $1.00 the employer contributed; active participation has shrunk from 161 to 143 since 2022.

Plan summary
Net assets, end of year$4,246,317
Participants with balances153
Active participants143
Employer contributions$135,702
Employee contributions$187,974
Employer contribution per active participant$949
Average account balance$27,754
Benefits paid to participants$206,701
Plan auditUnmodified (clean) audit opinion
AuditorN/A - INDIAN TRIBAL GOVERNMENT PLAN
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 153 accts · $136K emplr
2023$3.7M · 152 accts · $123K emplr
2022$3.4M · 161 accts · $129K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,988
Investment management$32,285
Total administrative$78,273
The Shonto Governing Board of Education, Inc. 401(k) match · 2024
Employer contribution per active participant$949
Median for plans this size$1,313
2024$949 per active participant
2023$810 per active participant
2022$800 per active participant

Shonto Governing Board of Education, Inc.'s 2024 employer contribution ran below 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$710
PFG ADVISORS, LLC · Investment advisory (participants)$32,285

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$78,273 · 1.96%
2023$69,304 · 1.94%
2022$66,457 · 2.10%
Similar plansEducational Services · Arizona
Valley Christian Schools AZ$5.0M · 1.04%
Arizona Charter Solutions AZ$4.5M · 0.14%
P.P.E.P., Inc. AZ$4.2M · 0.67%
Choice Academies, Inc. AZ$2.9M · 1.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860827306 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.