Plan Ledger DOL Form 5500 · updated monthly

Sonoran University of Health Sci401(k)

SONORAN UNIVERSITY OF HEALTH SCIENCES 401(K) PLAN · TEMPE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.90%

Sonoran University of Health Sci reported $69,018 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. 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 rose from 0.75% to 0.90%. 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 (647th of 1,285), and 2,238th of 3,091 in educational services. active participation has shrunk from 245 to 199 since 2022.

Plan summary
Net assets, end of year$8,305,350
Participants with balances219
Active participants199
Employer contributions—
Employee contributions$775,745
Employer contribution per active participant—
Average account balance$37,924
Benefits paid to participants$423,506
Plan auditUnmodified (clean) audit opinion
AuditorMEIHAUS CPA
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 219 accts
2023$7.0M · 265 accts
2022$6.0M · 233 accts · $140K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,018
Total administrative$69,018
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
ADP, INC. · Loan processing · Recordkeeping$41,152
GENEOS WEALTH MANAGEMENT, INC. · Recordkeeping · Pension consulting$27,864
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, GENEOS WEALTH MANAGEMENT, INC.
2023ADP, GENEOS WEALTH MANAGEMENT, INC.

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

Administrative cost history3
2024$69,018 · 0.90%
2023$50,844 · 0.78%
2022$46,356 · 0.75%
Same employer
Similar plansEducational Services · Arizona
Ams Impact Group, LLC AZ$10.9M · 0.73%
Northcentral University AZ$7.4M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860702049 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.