Covr Financial Technologies, Inc401(k)
COVR 401K PLAN · BOISE, ID · plan year 2022
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Covr Financial Technologies, Inc reported $2,694 in plan administrative expenses for 2022: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,061 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.
The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Idaho (291st of 349), and 4,654th of 4,798 in finance & insurance. In 2022, employees put in $2.62 for every $1.00 the employer contributed.
Covr Financial Technologies, Inc's 2022 employer contribution ran above the $1,114 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 813686767 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.