Plan Ledger DOL Form 5500 · updated monthly

Tempe Life Care Village, Inc. dba Friendship403(b)

TEMPE LIFE CARE VILLAGE, INC. 403(B) PLAN · TEMPE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Tempe Life Care Village, Inc. dba Friendship reported $44,954 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $352 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 0.82% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Arizona (697th of 1,285), and 1,968th of 3,341 in other services. In 2024, employees put in $3.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,310,972
Participants with balances445
Active participants593
Employer contributions$208,554
Employee contributions$742,853
Employer contribution per active participant$352
Average account balance$16,429
Benefits paid to participants$939,993
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 445 accts · $209K emplr
2023$6.5M · 173 accts · $198K emplr
2022$5.6M · 175 accts · $180K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,954
Total administrative$44,954
Employer contributions to the Tempe Life Care Village, Inc. dba Friendship plan · 2024
Employer contribution per active participant$352
Median for plans this size$1,313
2024$352 per active participant
2023$349 per active participant
2022$327 per active participant

Tempe Life Care Village, Inc. dba Friendship's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$49,170
WELLS FARGO ADVISORS FIN NETWORK · Investment advisory (plan)indirect comp

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$44,954 · 0.65%
2023$52,609 · 0.87%
2022$50,617 · 0.82%
Same employer
Similar plansOther Services · Arizona
Msr- Fsr, LLC AZ$7.3M · 0.48%
Kaizen Auto Care, LLC AZ$7.0M · 1.70%
Sonoran Schools AZ$6.5M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860335417 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.