Eduvision, Inc. DBA Arizona College 401(k) Review & Grade
Arizona College 401(k) Plan · d/b/a Arizona College
Phoenix, AZEducational Services1,394 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,111Employer $ per active participant
$2,503Employee $ saved per active participant
1.08%Direct admin cost, % of plan assets
$17.2MNet plan assets, end of year
$23,974Average balance per account
Score breakdown
- Employer generosity22.4 / 5045th percentile for employer $ per participant
- Low cost1.4 / 256th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 6th |
| Employee saving | 46th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $130 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Eduvision, Inc. DBA Arizona College put in about $1,111 per active participant, below the typical peer ($1,225). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (1.08% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,549,367 |
| Participant (employee) contributions | $3,489,108 |
| Other contributions (incl. rollovers in) | $1,450,346 |
| Administrative expenses paid from the plan | $155,332 |
| Contract administrator fees | $61,174 |
| Investment advisory & management fees | $94,158 |
| Benefits paid out | $2,460,676 |
| Net assets, start / end of year | $11.6M / $17.2M |
| Active participants, start / end of year | 1,267 / 1,521 |
| Participants with account balances | 716 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weworski and Associates |
Largest service providers (Schedule C)
| Creative Planning LLC | $94,158 reported compensation |
| Stancorp Financial Group | $61,174 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002125452NAL0000346611001, received 2025-10-02, EIN 43-1537880, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.