Plan Ledger DOL Form 5500 · updated monthly

Convergence Networks, Inc.401(k)

CONVERGENCE NETWORKS, INC. 401(K) PLAN · MILWAUKIE, OR · plan year 2025

Reported admin expense ratio · 2025
0.45%

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

Convergence Networks, Inc. reported $42,382 in plan administrative expenses for 2025: 0.45% of average plan assets, below the peer median. Employer contributions averaged $3,223 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 1 year on file its reported administrative ratio fell from 0.48% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Oregon (543rd of 1,021), and 7,854th of 11,654 in professional & technical services. In 2025, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,467,002
Participants with balances173
Active participants125
Employer contributions$402,903
Employee contributions$737,170
Employer contribution per active participant$3,223
Average account balance$60,503
Benefits paid to participants$631,179
Plan auditQualified audit opinion
Plan history2
Yearassets · accounts · employer contribution
2025$10.5M · 173 accts · $403K emplr
2024$8.4M · 166 accts · $383K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$19,839
Investment management$22,543
Total administrative$42,382
The Convergence Networks, Inc. 401(k) match · 2025
Employer contribution per active participant$3,223
Median for plans this size$1,464
2025$3,223 per active participant
2024$3,357 per active participant

Convergence Networks, Inc.'s 2025 employer contribution ran above the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$19,839
MORGAN STANLEY GLOBAL · Investment advisory (plan)$22,543

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

Recordkeeper by year2
2025Vanguard
2024Vanguard

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

Administrative cost history2
2025$42,382 · 0.45%
2024$37,644 · 0.48%
Same employer
Similar plansProfessional & Technical Services · Oregon
Pipeworks Inc OR$11.2M · 0.02%
Concept Systems, Inc. OR$11.0M · 0.56%
Mason, Bruce & Girard, Inc. OR$10.9M · 0.47%
Oregon Law Center OR$10.9M · 0.02%
Cayuse LLC OR$10.4M · 0.41%
Hawksoft, Inc. OR$10.2M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 931304921 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.