Plan Ledger DOL Form 5500 · updated monthly

Invo Peo, Inc.401(k)

INVO PEO, INC. 401(K) PLAN · OAK RIDGE, TN · plan year 2024

Reported admin expense ratio · 2024
1.04%

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

Invo Peo, Inc. reported $134,904 in plan administrative expenses for 2024: 1.04% of average plan assets, higher than ~90% of peers. Employer contributions averaged $698 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 1.39% to 1.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 693rd-largest of 1,496 plans among Tennessee employers on file, and the 792nd of 2,534 in administrative & support services. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has shrunk from 5,219 to 1,175 since 2022.

Plan summary
Net assets, end of year$14,373,588
Participants with balances760
Active participants1,175
Employer contributions$820,353
Employee contributions$1,662,919
Employer contribution per active participant$698
Average account balance$18,913
Benefits paid to participants$1,620,271
Plan auditUnmodified (clean) audit opinion
AuditorRODEFER MOSS & CO, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 760 accts · $820K emplr
2023$11.7M · 924 accts · $218K emplr
2022$13.1M · 1,123 accts · $299K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$134,904
Total administrative$134,904
The Invo Peo, Inc. 401(k) match · 2024
Employer contribution per active participant$698
Median for plans this size$2,416
2024$698 per active participant
2023$227 per active participant
2022$57 per active participant

Invo Peo, 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 · 20245
ERISA SERVICES, INC. · Recordkeeping · Loan processing$49,221
TRANSAMERICA FINANCIAL LIFE INS · Recordkeeping · Loan processing$32,514
MERCURY FINANCIAL GROUP · Pension consulting$53,509
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$7,328

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

Recordkeeper by year2
2024ERISA SERVICES, INC., Transamerica
2023ERISA SERVICES, INC., Transamerica

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

Administrative cost history3
2024$134,904 · 1.04%
2023$207,754 · 1.68%
2022$189,723 · 1.39%
Similar plansAdministrative & Support Services · Tennessee
Golden Svcs, LLC TN$18.5M · 0.72%
Tbhc Delivers, LLC TN$15.3M · 0.57%
Mimeo, Inc. TN$14.7M · 0.68%
Lumina Foods, LLC TN$13.2M · 0.61%
Hctec Partners TN$10.4M · 0.92%
Frost-Arnett Company TN$9.1M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271067748 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.