Plan Ledger DOL Form 5500 · updated monthly

Suns Legacy Partners401(k)

PHOENIX SUNS 401(K) SALARY SAVINGS PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Suns Legacy Partners reported $65,575 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $1,983 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 0.15% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 225th-largest of 1,285 plans among Arizona employers on file, and the 238th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.88 for every $1.00 the employer contributed; active participation has grown from 352 to 475 since 2022.

Plan summary
Net assets, end of year$41,828,777
Participants with balances562
Active participants475
Employer contributions$942,157
Employee contributions$2,713,703
Employer contribution per active participant$1,983
Average account balance$74,428
Benefits paid to participants$4,549,846
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.8M · 562 accts · $942K emplr
2023$37.5M · 496 accts · $875K emplr
2022$29.4M · 463 accts · $719K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,575
Total administrative$65,575
The Suns Legacy Partners 401(k) match · 2024
Employer contribution per active participant$1,983
Median for plans this size$2,416
2024$1,983 per active participant
2023$2,244 per active participant
2022$2,042 per active participant

Suns Legacy Partners'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$65,575

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$65,575 · 0.17%
2023$48,012 · 0.14%
2022$50,482 · 0.15%
Same employer
Similar plansArts, Entertainment & Recreation · Arizona
Azpb Limited Partnership AZ$60.3M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201257286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.