Plan Snapshot
- Plan Sponsor: Sonoran Schools
- Sponsor EIN: 452210319
- Sponsor Address: 1489 W ELLIOT ROAD SUITE D103, GILBERT, AZ, 85233
- Plan Type: 401(k)
- Total Participants: 245
- Total Assets: $6.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 245 | $6.5M | $657,320 | $827,035 |
| 2023 | 349 | $5.6M | $603,982 | $747,940 |
| 2022 | 345 | $4.0M | $483,378 | $622,467 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ONEDIGITAL INVESTMENT ADVISORS LLC | Investment Advisor | $27,981 | — | $27,981 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | Recordkeeper | $21,200 | $500 | $21,700 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $9,440 | — | $9,440 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS LLC — Investment Advisor
- JOHN HANCOCK LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,121
- Estimated Expense Ratio: 0.912% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $59,365 | $244 | — | — | — |
| 2023 | $62,654 | $4,403 | $2,375 | — | — |
| 2022 | $47,926 | $47,926 | — | — | — |