Plan Ledger DOL Form 5500 · updated monthly

Mayvin, Inc.401(k)

MAYVIN, INC. 401(K) PLAN · ALEXANDRIA, VA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Mayvin, Inc. reported $38,596 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $2,216 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 0.14% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 941st-largest of 2,266 plans among Virginia employers on file, and the 5,228th of 11,654 in professional & technical services. In 2024, employees put in $2.93 for every $1.00 the employer contributed; active participation has grown from 400 to 503 since 2022.

Plan summary
Net assets, end of year$21,829,624
Participants with balances622
Active participants503
Employer contributions$1,114,596
Employee contributions$3,263,106
Employer contribution per active participant$2,216
Average account balance$35,096
Benefits paid to participants$1,828,735
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.8M · 622 accts · $1.1M emplr
2023$15.0M · 644 accts · $965K emplr
2022$9.8M · 485 accts · $839K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,640
Investment management$8,006
Total administrative$38,596
The Mayvin, Inc. 401(k) match · 2024
Employer contribution per active participant$2,216
Median for plans this size$2,416
2024$2,216 per active participant
2023$2,085 per active participant
2022$2,096 per active participant

Mayvin, 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 · 20244
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$9,142
PBMARES, LLP · Other services$4,597
SIGNATURE ESTATE & INVESTMENTindirect 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$38,596 · 0.21%
2023$26,434 · 0.21%
2022$13,577 · 0.14%
Same employer
Similar plansProfessional & Technical Services · Virginia
Nathan Associates, Inc. VA$22.0M · 0.45%
Infinitive, Inc. VA$22.0M · 0.00%
Sila Solutions Group VA$21.8M · 0.76%
Brillient Corporation VA$21.8M · 0.70%
Kaleo, Inc. VA$21.7M · 0.34%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 262816532 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.