Plan Ledger DOL Form 5500 · updated monthly

Civeo Management LLC401(k)

CIVEO MANAGEMENT LLC 401K RETIREMENT PLAN · · plan year 2022

Reported admin expense ratio · 2022
0.19%

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

Civeo Management LLC reported $23,721 in plan administrative expenses for 2022: 0.19% of average plan assets, below the peer median. Employer contributions averaged $11,633 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 0.19% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 528th of 2,240 in accommodation & food services. In 2022, employees put in $1.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,622,993
Participants with balances128
Active participants37
Employer contributions$430,434
Employee contributions$695,484
Employer contribution per active participant$11,633
Average account balance$82,992
Benefits paid to participants$1,952,808
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 101 accts · $288K emplr
2023$9.2M · 92 accts · $243K emplr
2022$10.6M · 128 accts · $430K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,226
Investment management$18,495
Total administrative$23,721
The Civeo Management LLC 401(k) match · 2022
Employer contribution per active participant$11,633
Median for plans this size$2,266
2024$10,673 per active participant
2023$6,931 per active participant
2022$11,633 per active participant

Civeo Management LLC's 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$16,712 · 0.18%
2023$26,559 · 0.27%
2022$23,721 · 0.19%
Same employer
Similar plansAccommodation & Food Services
General Hotels Corporation IN$10.8M · 0.32%
Pr Management, Corp. MA$10.8M · 0.18%
Ace Hotel Group, LLC NY$10.7M · 0.53%
Monical Pizza Corporation IL$10.5M · 0.68%
Collegetown Bagels, Inc. NY$10.5M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300810898 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.