Plan Ledger DOL Form 5500 · updated monthly

Gvc Mortgage Inc.401(k)

GVC MORTGAGE 401(K) PLAN · PENDLETON, IN · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Gvc Mortgage Inc. reported $72,517 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $628 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 0.62% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 678th-largest of 1,562 plans among Indiana employers on file, and 3,399th of 4,798 in finance & insurance. In 2024, employees put in $10.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,040,754
Participants with balances292
Active participants282
Employer contributions$177,004
Employee contributions$1,903,877
Employer contribution per active participant$628
Average account balance$54,934
Benefits paid to participants$1,237,820
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.0M · 292 accts · $177K emplr
2023$13.3M · 97 accts · $75K emplr
2022$10.2M · 313 accts · $445K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,132
Investment management$34,385
Total administrative$72,517
The Gvc Mortgage Inc. 401(k) match · 2024
Employer contribution per active participant$628
Median for plans this size$2,416
2024$628 per active participant
2023$263 per active participant
2022$1,528 per active participant

Gvc Mortgage Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$39,140
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$33,377

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 Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$72,517 · 0.49%
2023$56,974 · 0.49%
2022$63,048 · 0.62%
Same employer
Similar plansFinance & Insurance · Indiana
Hallmark Home Mortgage IN$16.7M · 0.65%
Crane Federal Credit Union IN$16.6M · 0.00%
Siho Holding, Inc. IN$16.4M · 0.05%
Profed Federal Credit Union IN$16.4M · 0.38%
Beacon Credit Union IN$16.0M · 0.52%
Town Financial Corporation IN$15.9M · 0.19%
Inova Federal Credit Union IN$15.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351985128 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.