Plan Ledger DOL Form 5500 · updated monthly

The Foundation for Senior Living403(b)

THE FOUNDATION FOR SENIOR LIVING 403(B) MATCHING RETIREMENT PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

The Foundation for Senior Living reported $17,166 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $1,399 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 0.21% to 0.16%. 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 570th-largest of 1,285 plans among Arizona employers on file, and the 1,604th of 3,341 in other services. In 2024, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,628,541
Participants with balances442
Active participants318
Employer contributions$444,926
Employee contributions$876,456
Employer contribution per active participant$1,399
Average account balance$24,046
Benefits paid to participants$2,523,453
AuditorBAKER-TILLY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 442 accts · $445K emplr
2023$10.6M · 375 accts · $360K emplr
2022$8.9M · 374 accts · $366K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,166
Total administrative$17,166
Employer contributions to the The Foundation for Senior Living plan · 2024
Employer contribution per active participant$1,399
Median for plans this size$2,416
2024$1,399 per active participant
2023$1,160 per active participant
2022$1,140 per active participant

The Foundation for Senior Living'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

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$17,166 · 0.16%
2023$37,900 · 0.39%
2022$20,998 · 0.21%
Same employer
Similar plansOther Services · Arizona
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%
The Arizona Humane Society AZ$10.0M · 1.11%
Thermo King West, Inc. AZ$10.0M · 0.55%
Scottsdale Bible Church AZ$10.0M · 0.64%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 860298945 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.