Plan Ledger DOL Form 5500 · updated monthly

Govcio LLC401(k)

GOVERNMENTCIO LLC 401(K) PROFIT SHARING PLAN AND TRUST · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Govcio LLC reported $279,002 in plan administrative expenses for 2024: 0.11% of average plan assets, above the peer median. Employer contributions averaged $2,831 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 0.11%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 43rd-largest of 618 plans among District of Columbia employers on file, and the 604th of 11,654 in professional & technical services. In 2024, employees put in $2.52 for every $1.00 the employer contributed; active participation has grown from 2,551 to 3,018 since 2022.

Plan summary
Net assets, end of year$282,015,001
Participants with balances3,010
Active participants3,018
Employer contributions$8,544,512
Employee contributions$21,574,084
Employer contribution per active participant$2,831
Average account balance$93,693
Benefits paid to participants$27,655,303
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$282.0M · 3,010 accts · $8.5M emplr
2023$240.9M · 2,865 accts · $7.8M emplr
2022$192.9M · 2,763 accts · $6.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$279,002
Total administrative$279,002
The Govcio LLC 401(k) match · 2024
Employer contribution per active participant$2,831
Median for plans this size$4,294
2024$2,831 per active participant
2023$2,871 per active participant
2022$2,416 per active participant

Govcio LLC's 2024 employer contribution ran below the $4,294 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$279,002
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
COHNREZNICK · 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$279,002 · 0.11%
2023$216,739 · 0.10%
2022$194,929 · 0.18%
Same employer
Similar plansProfessional & Technical Services · District of Columbia
Berkeley Research Group, LLC DC$303.3M · 0.08%
Arentfox Schiff LLP DC$296.9M · 0.00%
Williams & Connolly LLP DC$282.7M · 0.00%
The Brookings Institution DC$260.2M · 0.02%
Ankura Consulting Group, LLC DC$230.5M · 0.02%
Eab Global, Inc. DC$204.8M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273903343 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.