Plan Ledger DOL Form 5500 · updated monthly

Avivo401(k)

AVIVO 401K PLAN · MINNEAPOLIS, MN · plan year 2023

Reported admin expense ratio · 2023
0.57%

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

Avivo reported $67,608 in plan administrative expenses for 2023: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,132 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 has held roughly steady near 0.572%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,156th of 1,918), and the 4,936th of 11,911 in health care & social assistance. In 2023, employees put in $2.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,879,599
Participants with balances372
Active participants259
Employer contributions$293,250
Employee contributions$866,300
Employer contribution per active participant$1,132
Average account balance$34,623
Benefits paid to participants$1,020,643
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $282K emplr
2023$12.9M · 372 accts · $293K emplr
2022$10.8M · 388 accts · $424K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$67,608
Total administrative$67,608
The Avivo 401(k) match · 2023
Employer contribution per active participant$1,132
Median for plans this size$2,440
2023$1,132 per active participant
2022$1,540 per active participant

Avivo's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$69,031
ASCENSUS · Contract administrator · Other services$4,491
MMA SECURITIES LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MGMT LLC · Investment advisory (participants)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
2024Not separately reported
2023$67,608 · 0.57%
2022$67,798 · 0.57%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 410828779 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.