Plan Ledger DOL Form 5500 · updated monthly

McAnany, van Cleave & Phillips, P.A.401(k)

MVP LAW PROFIT SHARING 401(K) PLAN · KANSAS CITY, KS · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

McAnany, van Cleave & Phillips, P.A. reported $41,794 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $9,091 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 0.14% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 108th-largest of 828 plans among Kansas employers on file, and the 2,205th of 11,654 in professional & technical services. In 2024, the employer put in $1.16 for every $1.00 employees contributed themselves; active participation has grown from 186 to 208 since 2022.

Plan summary
Net assets, end of year$64,992,262
Participants with balances272
Active participants208
Employer contributions$1,890,930
Employee contributions$1,626,876
Employer contribution per active participant$9,091
Average account balance$238,942
Benefits paid to participants$4,421,730
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$65.0M · 272 accts · $1.9M emplr
2023$59.3M · 257 accts · $1.7M emplr
2022$50.7M · 233 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,669
Investment management$13,125
Total administrative$41,794
The McAnany, van Cleave & Phillips, P.A. 401(k) match · 2024
Employer contribution per active participant$9,091
Median for plans this size$3,635
2024$9,091 per active participant
2023$8,253 per active participant
2022$7,922 per active participant

McAnany, van Cleave & Phillips, P.A.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$28,669
COMMONWEALTH FINANCIAL · Investment advisory (plan)$13,125

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$41,794 · 0.07%
2023$65,747 · 0.12%
2022$78,486 · 0.14%
Same employer
Similar plansProfessional & Technical Services · Kansas
Mkec Engineering, Inc. KS$71.2M · 0.01%
Euronet Worldwide, Inc. KS$71.1M · 0.23%
Icm Ventures, Inc. KS$65.6M · 0.14%
Archer Technologies LLC KS$65.4M · 0.09%
LEVER1 KS$53.6M · 0.70%
Civicplus LLC KS$46.6M · 0.55%
Adamsbrown, LLC KS$45.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480830325 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.