Plan Ledger DOL Form 5500 · updated monthly

Alcova Mortgage LLC401(k)

ALCOVA MORTGAGE 401(K) PLAN · ROANOKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.68%

Alcova Mortgage LLC reported $99,659 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.81% to 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Virginia (1,153rd of 2,266), and 3,429th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$15,803,429
Participants with balances289
Active participants464
Employer contributions—
Employee contributions$1,938,345
Employer contribution per active participant—
Average account balance$54,683
Benefits paid to participants$1,612,335
Plan auditUnmodified (clean) audit opinion
AuditorCATHEDRAL CPAS AND ADVISORS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 289 accts
2023$13.4M · 257 accts
2022$10.3M · 260 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,659
Total administrative$99,659
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$99,658
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$99,659 · 0.68%
2023$95,813 · 0.81%
2022$84,563 · 0.81%
Same employer
Similar plansFinance & Insurance · Virginia
Valleystar Credit Union VA$16.4M · 0.08%
New Peoples Bank, Inc. VA$16.1M · 0.50%
Spectra Credit Union VA$15.8M · 0.55%
Intercoastal Mortgage, LLC VA$14.9M · 0.45%
John Marshall Bank VA$14.7M · 0.33%
Hamilton U.S. Services LLC VA$13.7M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141886719 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.