Plan Ledger DOL Form 5500 · updated monthly

Levare U.S., Inc.401(k)

BORETS U.S., INC. 401(K) PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Levare U.S., Inc. reported $43,989 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $3,227 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 0.39% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 327th-largest of 724 plans among Oklahoma employers on file, and 366th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.71 for every $1.00 the employer contributed; active participation has grown from 181 to 222 since 2022.

Plan summary
Net assets, end of year$14,133,734
Participants with balances237
Active participants222
Employer contributions$716,387
Employee contributions$1,227,087
Employer contribution per active participant$3,227
Average account balance$59,636
Benefits paid to participants$1,494,211
Plan auditUnmodified (clean) audit opinion
AuditorEEPB P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 237 accts · $716K emplr
2023$12.0M · 212 accts · $588K emplr
2022$9.3M · 201 accts · $521K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,664
Investment management$37,791
Total administrative$43,989
The Levare U.S., Inc. 401(k) match · 2024
Employer contribution per active participant$3,227
Median for plans this size$2,416
2024$3,227 per active participant
2023$2,968 per active participant
2022$2,876 per active participant

Levare U.S., Inc.'s 2024 employer contribution ran above 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 · 20243
WELLTH ADVISORY SERVICES LLC · Investment advisory (plan)$19,762
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$18,029
JPMORGAN INVEST HOLDINGS LLC$6,198

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$43,989 · 0.34%
2023$41,614 · 0.39%
2022$37,963 · 0.39%
Same employer
Similar plansMining, Oil & Gas Extraction · Oklahoma
Sef Energy, LLC OK$18.4M · 0.52%
B & H Construction, LLC OK$15.6M · 0.58%
Le Jones Operating OK$9.6M · 0.20%
Kemp Quarries OK$9.4M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 261626794 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.