Plan Ledger DOL Form 5500 · updated monthly

Govstrive, LLC401(k)

GOVSTRIVE 401K PLAN · DUBLIN, GA · plan year 2024

Reported admin expense ratio · 2024
1.48%

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

Govstrive, LLC reported $94,992 in plan administrative expenses for 2024: 1.48% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,986 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 rose from 1.35% to 1.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Georgia (1,441st of 2,160), and 8,997th of 11,654 in professional & technical services. In 2024, employees put in $2.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,134,363
Participants with balances167
Active participants222
Employer contributions$441,000
Employee contributions$894,827
Employer contribution per active participant$1,986
Average account balance$42,721
Benefits paid to participants$738,814
Plan auditDisclaimer of opinion
AuditorNICHOLS CAULEY & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 167 accts · $441K emplr
2023$5.7M · 145 accts · $441K emplr
2022$3.9M · 145 accts · $369K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,992
Total administrative$94,992
The Govstrive, LLC 401(k) match · 2024
Employer contribution per active participant$1,986
Median for plans this size$1,313
2024$1,986 per active participant
2023$1,917 per active participant
2022$1,775 per active participant

Govstrive, LLC's 2024 employer contribution ran above the $1,313 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
JOHN KESTRA PRIVATE WEALHANCOCK USA · Recordkeeping$32,566
JOHN HANCOCK USA · Recordkeeping$2,926

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

Recordkeeper by year2
2024JOHN KESTRA PRIVATE WEALHANCOCK USA, John Hancock
2023JOHN KESTRA PRIVATE WEALHANCOCK USA, John Hancock

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Administrative cost history3
2024$94,992 · 1.48%
2023$69,489 · 1.44%
2022$49,461 · 1.35%
Same employer
Similar plansProfessional & Technical Services · Georgia
Goldfein LLC GA$7.6M · 0.44%
Procurri, LLC GA$7.6M · 0.95%
Lowe Engineers, LLC GA$7.5M · 0.85%
Happy Returns, LLC GA$7.0M · 0.81%
Definition 6, Inc. GA$6.9M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461937686 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.