Plan Ledger DOL Form 5500 · updated monthly

Convergenz, LLC401(k)

CONVERGENZ 401(K) RETIREMENT PLAN · VIENNA, VA · plan year 2024

Reported admin expense ratio · 2024
0.44%

Convergenz, LLC reported $32,461 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. 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 0.50% to 0.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,585th of 2,266), and 8,617th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$8,177,097
Participants with balances210
Active participants179
Employer contributions—
Employee contributions$1,201,910
Employer contribution per active participant—
Average account balance$38,939
Benefits paid to participants$735,310
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history2
Yearassets · accounts · employer contribution
2024$8.2M · 210 accts
2023$6.6M · 211 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,471
Investment management$10,990
Total administrative$32,461
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$21,470
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)$10,986

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

Administrative cost history2
2024$32,461 · 0.44%
2023$28,502 · 0.50%
Same employer
Similar plansProfessional & Technical Services · Virginia
Gerent, LLC VA$8.3M · 0.61%
Unissant, Inc. VA$8.2M · 0.56%
Canvas Solutions Inc. VA$8.2M · 0.11%
G2 Ops, Inc. VA$8.2M · 0.01%
Ambit Group LLC VA$8.1M · 0.88%
Xor Security LLC VA$8.1M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522254225 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.