Plan Ledger DOL Form 5500 · updated monthly

The Circle K Retirement Plan401(k)

CIRCLE K RETIREMENT PLAN · TEMPE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

The Circle K Retirement Plan reported $1,153,497 in plan administrative expenses for 2024: 0.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $106 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 0.20% to 0.23%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other retail trade employers. By assets it is the 32nd-largest of 1,285 plans among Arizona employers on file, and the 117th of 5,215 in retail trade. In 2024, employees put in $3.44 for every $1.00 the employer contributed; active participation has grown from 62,049 to 73,210 since 2022.

Plan summary
Net assets, end of year$505,887,222
Participants with balances10,121
Active participants73,210
Employer contributions$7,741,307
Employee contributions$26,663,614
Employer contribution per active participant$106
Average account balance$49,984
Benefits paid to participants$59,389,502
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$505.9M · 10,121 accts · $7.7M emplr
2023$478.8M · 10,427 accts · $7.3M emplr
2022$432.4M · 10,714 accts · $6.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$622,280
Investment management$470,600
Total administrative$1,153,497
The The Circle K Retirement Plan 401(k) match · 2024
Employer contribution per active participant$106
Median for plans this size$4,294
2024$106 per active participant
2023$106 per active participant
2022$111 per active participant

The Circle K Retirement Plan's 2024 employer contribution ran below the $4,294 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 · 20243
VOYA INSTITUTIONAL PLAN SERVICES · Loan processing$505,590
VOYA RETIREMENT ADVISORS · Investment advisory (participants)$384,362
CAPTRUST FINANCIAL ADVISORS · Investment advisory (plan)$86,238

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$1,153,497 · 0.23%
2023$1,057,886 · 0.23%
2022$954,042 · 0.20%
Same employer
Similar plansRetail Trade · Arizona
Insight Enterprises, Inc. AZ$941.5M · 0.07%
Petsmart, Inc. AZ$667.2M · 0.15%
Spencer's Tv and Appliance AZ$374.9M · 0.00%
Carvana, LLC AZ$267.1M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741149540 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.