Plan Snapshot
- Plan Sponsor: The University Of Phoenix, INC.
- Sponsor EIN: 942473210
- Sponsor Address: 4035 S. RIVERPOINT PARKWAY, PHOENIX, AZ, 85040
- Plan Type: 401(k)
- Total Participants: 6,104
- Total Assets: $586.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 6,104 | $586.0M | $6.4M | $25.7M |
| 2023 | 5,686 | $534.2M | $5.6M | $23.2M |
| 2022 | 5,853 | $479.6M | $4.0M | $21.9M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $234,961 | — | $234,961 |
| ALLIANT INSURANCE SERVICES INC DBA | INVESTMENT ADVISOR | $90,000 | — | $90,000 |
| CBIZ OPERATIONS INC DBA CBIZ MHM LL | AUDITOR | $27,300 | — | $27,300 |
| CBIZ CPAS P.C. | Auditor | $27,300 | — | $27,300 |
| ADVISED ASSETS GROUP, LLC | INVESTMENT MGMT | $20,652 | — | $20,652 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $400,213
- Estimated Expense Ratio: 0.068% 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 | $459,862 | $110,652 | — | $27,300 | — |
| 2023 | $452,479 | — | $398,449 | — | — |
| 2022 | $474,399 | — | $356,274 | — | $113,625 |