Basis Educational Ventures, LLC 401(k) Review & Grade
Basis Educational Group Retirement Plan
Scottsdale, AZEducational Services2,440 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,368Employer $ per active participant
$3,503Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$118.0MNet plan assets, end of year
$32,477Average balance per account
Score breakdown
- Employer generosity38.5 / 5077th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 40th |
| Employee saving | 65th |
| Peers that auto-enroll | 37% |
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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
- Basis Educational Ventures put in about $2,368 per active participant, more than the typical peer ($1,225). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $5,779,918 |
| Participant (employee) contributions | $8,548,255 |
| Other contributions (incl. rollovers in) | $314,883 |
| Administrative expenses paid from the plan | $327,976 |
| Investment advisory & management fees | $327,976 |
| Benefits paid out | $7,877,740 |
| Net assets, start / end of year | $97.1M / $118.0M |
| Active participants, start / end of year | 2,389 / 2,492 |
| Participants with account balances | 3,632 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Fester & Chapman, PLLC |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $220,070 reported compensation |
| Mercer Global Advisors | $85,556 reported compensation |
| Vanguard Group, Inc. | $26,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260409154740NAL0007247219001, received 2026-04-09, EIN 81-0909912, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.