Plan Ledger DOL Form 5500 · updated monthly

St. Mary's Food Bank Alliance401(k)

ST. MARY'S FOOD BANK'S PROFIT SHARING PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

St. Mary's Food Bank Alliance reported $26,116 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,397 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 rose from 0.22% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 519th-largest of 1,285 plans among Arizona employers on file, and the 1,473rd of 3,341 in other services. In 2024, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,114,024
Participants with balances252
Active participants224
Employer contributions$536,989
Employee contributions$1,170,983
Employer contribution per active participant$2,397
Average account balance$48,072
Benefits paid to participants$1,748,333
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 252 accts · $537K emplr
2023$9.7M · 250 accts · $520K emplr
2022$7.5M · 247 accts · $442K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,116
Total administrative$26,116
The St. Mary's Food Bank Alliance 401(k) match · 2024
Employer contribution per active participant$2,397
Median for plans this size$2,416
2024$2,397 per active participant
2023$2,384 per active participant
2022$2,116 per active participant

St. Mary's Food Bank Alliance'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$26,115

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$26,116 · 0.24%
2023$17,975 · 0.21%
2022$17,808 · 0.22%
Same employer
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Worldatwork AZ$15.4M · 0.34%
Ipro Tech, LLC AZ$13.7M · 0.23%
Beacon Group, Inc. AZ$12.8M · 0.83%
Dillon Aero, Inc. AZ$11.7M · 0.27%
Cp Skin Health Group, Inc AZ$10.7M · 0.23%
Proteor USA, LLC AZ$10.3M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237353532 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.