Plan Ledger DOL Form 5500 · updated monthly

Spooner, Inc.401(k)

SPOONER RETIREMENT SAVINGS PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Spooner, Inc. reported $107,095 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,322 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 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 398th-largest of 1,285 plans among Arizona employers on file, and the 4,017th of 11,911 in health care & social assistance. In 2024, employees put in $2.35 for every $1.00 the employer contributed; active participation has grown from 479 to 552 since 2022.

Plan summary
Net assets, end of year$17,737,866
Participants with balances737
Active participants552
Employer contributions$729,710
Employee contributions$1,713,586
Employer contribution per active participant$1,322
Average account balance$24,068
Benefits paid to participants$1,001,885
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.7M · 737 accts · $730K emplr
2023$14.4M · 653 accts · $592K emplr
2022$10.7M · 582 accts · $688K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,285
Investment management$29,310
Audit (IQPA)$9,500
Total administrative$107,095
The Spooner, Inc. 401(k) match · 2024
Employer contribution per active participant$1,322
Median for plans this size$2,416
2024$1,322 per active participant
2023$1,139 per active participant
2022$1,436 per active participant

Spooner, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$25,000
KIMBERLIN COMPANY PLLC · Accounting / audit$9,500
EMPOWER ADVISORY GROUP, LLC · Investment management$4,310

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$107,095 · 0.67%
2023$75,954 · 0.61%
2022$71,604 · 0.66%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
Winslow Memorial Hospital AZ$18.3M · 0.26%
Nextcare, Inc. AZ$16.3M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203968517 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.