Plan Ledger DOL Form 5500 · updated monthly

Garver, LLC401(k)

GARVER RETIREMENT PLAN · NORTH LITTLE ROCK, AR · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Garver, LLC reported $218,839 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $4,222 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 0.16% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 27th-largest of 456 plans among Arkansas employers on file, and the 910th of 11,654 in professional & technical services. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 1,170 to 1,484 since 2022.

Plan summary
Net assets, end of year$176,047,981
Participants with balances1,750
Active participants1,484
Employer contributions$6,265,701
Employee contributions$12,781,291
Employer contribution per active participant$4,222
Average account balance$100,599
Benefits paid to participants$15,695,168
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$176.0M · 1,750 accts · $6.3M emplr
2023$147.1M · 1,556 accts · $5.3M emplr
2022$114.3M · 1,296 accts · $4.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$111,964
Investment management$106,875
Total administrative$218,839
The Garver, LLC 401(k) match · 2024
Employer contribution per active participant$4,222
Median for plans this size$3,635
2024$4,222 per active participant
2023$4,102 per active participant
2022$3,753 per active participant

Garver, LLC's 2024 employer contribution ran above the $3,635 median for plans its size. 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$113,563
MERIDIAN MANAGEMENT CO · Investment advisory (participants) · Investment advisory (plan)$95,000
CAPTRUST · Investment advisory (plan)$11,875

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$218,839 · 0.14%
2023$205,507 · 0.16%
2022$193,604 · 0.16%
Same employer
Similar plansProfessional & Technical Services · Arkansas
Southwest Power Pool, Inc. AR$224.5M · 0.07%
Duck Creek Technologies, LLC MA$176.4M · 0.06%
Ahead, Inc. IL$176.3M · 0.35%
Oak View Group LLC CO$176.1M · 0.38%
Vt Services Inc. VA$176.0M · 0.24%
Commissioning Agents Inc IN$175.8M · 0.09%
Liro Engineers, Inc. NY$175.8M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010733400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.