Plan Ledger DOL Form 5500 · updated monthly

Earl W. Colvard, Inc.401(k)

EARL W. COLVARD, INC. SAVINGS PLAN · DELAND, FL · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Earl W. Colvard, Inc. reported $33,888 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $1,078 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 0.18% to 0.16%. 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 1,006th-largest of 3,644 plans among Florida employers on file, and the 1,294th of 5,215 in retail trade. In 2024, employees put in $3.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,185,593
Participants with balances570
Active participants491
Employer contributions$529,229
Employee contributions$1,719,257
Employer contribution per active participant$1,078
Average account balance$40,676
Benefits paid to participants$2,015,439
Plan auditUnmodified (clean) audit opinion
AuditorJAMES MOORE & CO PL
Plan history3
Yearassets · accounts · employer contribution
2024$23.2M · 570 accts · $529K emplr
2023$20.4M · 546 accts · $515K emplr
2022$17.7M · 513 accts · $413K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,925
Investment management$9,463
Total administrative$33,888
The Earl W. Colvard, Inc. 401(k) match · 2024
Employer contribution per active participant$1,078
Median for plans this size$2,416
2024$1,078 per active participant
2023$1,034 per active participant
2022$886 per active participant

Earl W. Colvard, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20246
VOYA RETIREMENT ADVISORS LLC · Investment advisory (participants)$4,522
JAMES MOORE AND CO PL · Accounting / audit$1,750
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)indirect comp
LPL FINANCIAL CORPORATIONindirect comp
ONEDIGITAL LLCindirect comp
PENSION INVESTORS CORP OF ORLANDO · Other servicesindirect comp

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$33,888 · 0.16%
2023$34,570 · 0.18%
2022$34,459 · 0.18%
Same employer
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Pet Supermarket, Inc. FL$24.3M · 0.79%
Zumba Fitness, LLC FL$23.7M · 0.22%
Blue Compass Rv, LLC FL$23.4M · 0.52%
Kendall Imports, LLC FL$22.9M · 0.56%
Port Consolidated, Inc. FL$22.1M · 0.42%
Al Packer,Inc. FL$21.8M · 0.04%
Meteor Education, LLC FL$21.8M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592183177 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.