Plan Ledger DOL Form 5500 · updated monthly

Givens Group, Inc.401(k)

GIVENS 401(K) SAVINGS AND RETIREMENT PLAN · CHESAPEAKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Givens Group, Inc. reported $58,913 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $2,023 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 3 years on file its reported administrative ratio has held roughly steady near 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 938th-largest of 2,266 plans among Virginia employers on file, and the 692nd of 2,677 in transportation & warehousing. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has grown from 188 to 331 since 2022.

Plan summary
Net assets, end of year$21,908,280
Participants with balances344
Active participants331
Employer contributions$669,616
Employee contributions$1,421,202
Employer contribution per active participant$2,023
Average account balance$63,687
Benefits paid to participants$2,247,117
Plan auditUnmodified (clean) audit opinion
AuditorWALL, EINHORN & CHERNITZER, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$21.9M · 344 accts · $670K emplr
2023$19.7M · 328 accts · $475K emplr
2022$16.4M · 205 accts · $350K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,158
Investment management$48,755
Total administrative$58,913
The Givens Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,023
Median for plans this size$2,416
2024$2,023 per active participant
2023$1,505 per active participant
2022$1,861 per active participant

Givens Group, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
WELLS FARGO ADVISORS, LLC · Investment advisory (plan)$48,755
JOHN HANCOCK · Investment advisory (plan) · Loan processing$10,158

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$58,913 · 0.28%
2023$47,768 · 0.26%
2022$48,828 · 0.27%
Similar plansTransportation & Warehousing · Virginia
Transurban (USA), Inc. VA$30.5M · 0.33%
Lawrence Companies VA$24.7M · 0.03%
Tp Host, LLC VA$23.3M · 0.40%
Houff Transfer, Inc. VA$21.1M · 0.71%
Aem, Inc. VA$18.6M · 0.36%
Priority One Services, Inc. VA$17.4M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562417633 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.