Plan Ledger DOL Form 5500 · updated monthly

Devaney Energy, Inc.401(k)

DEVANEY ENERGY, INC. 401(K) RETIREMENT PLAN · NEWTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Devaney Energy, Inc. reported $39,480 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $4,780 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 rose from 0.16% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,145th-largest of 2,726 plans among Massachusetts employers on file, and the 1,227th of 5,215 in retail trade. In 2024, employees put in $1.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,318,039
Participants with balances192
Active participants177
Employer contributions$846,035
Employee contributions$1,150,681
Employer contribution per active participant$4,780
Average account balance$126,656
Benefits paid to participants$3,106,027
Plan auditUnmodified (clean) audit opinion
AuditorGRAY, GRAY & GRAY
Plan history3
Yearassets · accounts · employer contribution
2024$24.3M · 192 accts · $846K emplr
2023$22.7M · 189 accts · $700K emplr
2022$19.1M · 186 accts · $602K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,247
Investment management$10,233
Total administrative$39,480
The Devaney Energy, Inc. 401(k) match · 2024
Employer contribution per active participant$4,780
Median for plans this size$2,416
2024$4,780 per active participant
2023$4,023 per active participant
2022$3,605 per active participant

Devaney Energy, 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$10,233

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$39,480 · 0.17%
2023$32,379 · 0.16%
2022$31,838 · 0.16%
Same employer
Similar plansRetail Trade · Massachusetts
Kaspersky Lab, Inc. MA$27.9M · 0.05%
Kelly Automotive Group MA$25.4M · 0.09%
Woburn Foreign Motors, Inc. MA$24.7M · 0.73%
Daniel J. Quirk, Inc. MA$23.9M · 0.59%
Energy North, Inc. MA$23.7M · 0.45%
Thrasio, LLC MA$23.1M · 0.13%
Stoneham Motors Co., Inc. MA$23.1M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042298448 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.