Plan Ledger DOL Form 5500 · updated monthly

Avem Business Solutions, LLC401(k)

AVEM BUSINESS SOLUTIONS 401(K) PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.55%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Avem Business Solutions, LLC reported $67,382 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,736 per active participant. 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 0.91% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 329th-largest of 724 plans among Oklahoma employers on file, and the 4,698th of 11,911 in health care & social assistance. In 2024, employees put in $2.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,975,350
Participants with balances542
Active participants547
Employer contributions$949,441
Employee contributions$2,629,596
Employer contribution per active participant$1,736
Average account balance$25,785
Benefits paid to participants$1,530,784
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 542 accts · $949K emplr
2023$10.4M · 546 accts · $1.0M emplr
2022$6.4M · 532 accts · $858K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,382
Total administrative$67,382
The Avem Business Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$1,736
Median for plans this size$2,416
2024$1,736 per active participant
2023$1,843 per active participant
2022$1,632 per active participant

Avem Business Solutions, LLC's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

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 · 20241
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$67,382

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$67,382 · 0.55%
2023$59,734 · 0.71%
2022$52,825 · 0.91%
Similar plansHealth Care & Social Assistance · Oklahoma
Centennial Health, P.C. OK$12.4M · 0.29%
Carter Healthcare,Llc OK$11.6M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263291800 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.