Plan Ledger DOL Form 5500 · updated monthly

The University of Phoenix, Inc.401(k)

THE UNIVERSITY OF PHOENIX, INC. SAVINGS AND INVESTMENT PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

The University of Phoenix, Inc. reported $459,862 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $1,044 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 0.09% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 30th-largest of 1,285 plans among Arizona employers on file, and the 89th of 3,091 in educational services. In 2024, employees put in $4.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$586,037,109
Participants with balances7,822
Active participants6,104
Employer contributions$6,370,885
Employee contributions$25,670,625
Employer contribution per active participant$1,044
Average account balance$74,922
Benefits paid to participants$47,477,797
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$586.0M · 7,822 accts · $6.4M emplr
2023$534.2M · 7,781 accts · $5.6M emplr
2022$479.6M · 7,986 accts · $4.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$234,961
Investment management$110,652
Audit (IQPA)$27,300
Total administrative$459,862
The The University of Phoenix, Inc. 401(k) match · 2024
Employer contribution per active participant$1,044
Median for plans this size$4,294
2024$1,044 per active participant
2023$978 per active participant
2022$691 per active participant

The University of Phoenix, Inc.'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 · 20244
ALLIANT INSURANCE SERVICES INC DBA · Investment advisory (plan)$90,000
CBIZ OPERATIONS INC DBA CBIZ MHM LL · Accounting / audit$27,300
ADVISED ASSETS GROUP, LLC · Investment management$20,652

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$459,862 · 0.08%
2023$452,479 · 0.09%
2022$474,399 · 0.09%
Same employer
Similar plansEducational Services · Arizona
Colgate University NY$567.8M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942473210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.