Leona Arizona Employment Group, Inc 401(k) Review & Grade
Laeg 401(k) Plan
Phoenix, AZEducational Services762 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,217Employer $ per active participant
$1,673Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$27.1MNet plan assets, end of year
$63,880Average balance per account
Score breakdown
- Employer generosity24.8 / 5050th percentile for employer $ per participant
- Low cost7.9 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 31th |
| Employee saving | 25th |
| Peers that auto-enroll | 37% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Leona Arizona Employment Group put in about $1,217 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 (0.39% 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.
- 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 | $926,732 |
| Participant (employee) contributions | $1,274,331 |
| Other contributions (incl. rollovers in) | $18,687 |
| Administrative expenses paid from the plan | $98,842 |
| Investment advisory & management fees | $37,045 |
| Benefits paid out | $1,812,951 |
| Net assets, start / end of year | $23.7M / $27.1M |
| Active participants, start / end of year | 793 / 730 |
| Participants with account balances | 424 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $40,997 reported compensation |
| Sageview Advisory Group LLC | $37,045 reported compensation |
| Baker Tilly US LLP | $20,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929140133NAL0011397233001, received 2025-09-29, EIN 86-1011928, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.