Plan Ledger DOL Form 5500 · updated monthly

Chauvet & Sons, LLC.401(k)

CHAUVET & SONS, LLC 401(K) PROFIT SHARING PLAN · DAVIE, FL · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Chauvet & Sons, LLC. reported $79,663 in plan administrative expenses for 2024: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,817 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 0.80% to 0.71%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,494th-largest of 3,644 plans among Florida employers on file, and the 2,121st of 5,215 in retail trade. In 2024, employees put in $2.76 for every $1.00 the employer contributed; active participation has grown from 216 to 260 since 2022.

Plan summary
Net assets, end of year$13,095,952
Participants with balances281
Active participants260
Employer contributions$472,349
Employee contributions$1,302,980
Employer contribution per active participant$1,817
Average account balance$46,605
Benefits paid to participants$619,672
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 281 accts · $472K emplr
2023$9.5M · 253 accts · $399K emplr
2022$7.3M · 254 accts · $302K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,204
Investment management$70,459
Total administrative$79,663
The Chauvet & Sons, LLC. 401(k) match · 2024
Employer contribution per active participant$1,817
Median for plans this size$2,416
2024$1,817 per active participant
2023$1,726 per active participant
2022$1,399 per active participant

Chauvet & Sons, 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 · 20242
PROVENANCE WEALTH ADVISORS · Investment advisory (participants)$35,142

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$79,663 · 0.71%
2023$72,568 · 0.86%
2022$59,565 · 0.80%
Same employer
Similar plansRetail Trade · Florida
Bill Currie Ford, Inc. FL$13.3M · 0.27%
Venus Fashion, Inc. FL$12.6M · 0.07%
Surterra Holdings, Inc. FL$12.3M · 1.24%
Horton Holdings, LLC FL$12.2M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650184363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.