Plan Ledger DOL Form 5500 · updated monthly

Enserv, Inc.401(k)

ENSERV, INC. 401(K) PROFIT SHARING PLAN · LIGHTFOOT, VA · plan year 2023

Reported admin expense ratio · 2023
0.37%

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

Enserv, Inc. reported $88,917 in plan administrative expenses for 2023: 0.37% of average plan assets, above the peer median. Employer contributions averaged $31,545 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 1 year on file its reported administrative ratio rose from 0.30% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other administrative & support services employers. By assets it is the 868th-largest of 2,266 plans among Virginia employers on file, and the 525th of 2,534 in administrative & support services. In 2023, the employer put in $1.91 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$24,339,741
Participants with balances90
Active participants44
Employer contributions$1,387,980
Employee contributions$728,241
Employer contribution per active participant$31,545
Average account balance$270,442
Benefits paid to participants$6,362,039
Plan auditUnmodified (clean) audit opinion
AuditorPURVIS GRAY AND COMPANY
Plan history2
Yearassets · accounts · employer contribution
2023$24.3M · 90 accts · $1.4M emplr
2022$23.8M · 106 accts · $1.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$80,417
Audit (IQPA)$8,500
Total administrative$88,917
The Enserv, Inc. 401(k) match · 2023
Employer contribution per active participant$31,545
Median for plans this size$2,440
2023$31,545 per active participant
2022$30,803 per active participant

Enserv, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PURVIS GRAY$8,500
DEFINITI, LLC$5,231
VOYA RETIREMENT INS AND ANNUITY CO · Investment advisory (participants)$1,174
GALLAGHER BENEFIT SERVICES INCindirect comp

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

Administrative cost history2
2023$88,917 · 0.37%
2022$86,081 · 0.30%
Similar plansAdministrative & Support Services · Virginia
Markon, LLC VA$42.3M · 0.41%
The Bionetics Corporation VA$34.1M · 0.24%
Gap Solutions, Inc. VA$21.9M · 0.67%
Kt Enterprises, Inc. VA$20.6M · 0.65%
Prosegur Sis USA, Inc. VA$20.5M · 1.28%
Transforce, Inc. VA$19.8M · 0.66%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 541879300 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.