Plan Ledger DOL Form 5500 · updated monthly

Corvesta, Inc.401(k)

CORVESTA, INC. NEW COMPARABILITY CASH OR DEFERRED PROFIT SHARING PLAN · ROANOKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Corvesta, Inc. reported $54,537 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,216 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 0.14% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 509th-largest of 2,266 plans among Virginia employers on file, and the 1,735th of 4,798 in finance & insurance. In 2024, the employer put in $1.27 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$47,735,464
Participants with balances300
Active participants209
Employer contributions$1,926,187
Employee contributions$1,520,227
Employer contribution per active participant$9,216
Average account balance$159,118
Benefits paid to participants$2,398,439
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$47.7M · 300 accts · $1.9M emplr
2023$42.2M · 306 accts · $1.9M emplr
2022$39.4M · 324 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,537
Total administrative$54,537
The Corvesta, Inc. 401(k) match · 2024
Employer contribution per active participant$9,216
Median for plans this size$2,416
2024$9,216 per active participant
2023$9,296 per active participant
2022$8,567 per active participant

Corvesta, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$74,315

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$54,537 · 0.12%
2023$61,397 · 0.15%
2022$69,747 · 0.14%
Same employer
Similar plansFinance & Insurance · Virginia
Carter Bank & Trust VA$51.0M · 0.21%
Bankers Insurance, LLC VA$39.8M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205945158 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.