Plan Ledger DOL Form 5500 · updated monthly

New Benevis, Inc401(k)

BENEVIS 401(K) RETIREMENT SAVINGS PLAN · ALTANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

New Benevis, Inc reported $370,540 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~90% of peers. Employer contributions averaged $482 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 0.60% to 0.50%. 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 337th-largest of 2,160 plans among Georgia employers on file, and the 1,845th of 11,654 in professional & technical services. In 2024, employees put in $6.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$79,093,744
Participants with balances2,842
Active participants2,441
Employer contributions$1,175,912
Employee contributions$8,135,164
Employer contribution per active participant$482
Average account balance$27,830
Benefits paid to participants$9,811,655
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$79.1M · 2,842 accts · $1.2M emplr
2023$70.6M · 2,806 accts · $1.1M emplr
2022$61.6M · 3,107 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$370,540
Total administrative$370,540
The New Benevis, Inc 401(k) match · 2024
Employer contribution per active participant$482
Median for plans this size$3,635
2024$482 per active participant
2023$477 per active participant
2022$1,027 per active participant

New Benevis, Inc's 2024 employer contribution ran below the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$370,539
CREATIVE PLANNING LOCKTON RETIREMEN · Investment advisory (plan) · Investment advisory (participants)$75,000

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$370,540 · 0.50%
2023$376,545 · 0.57%
2022$396,158 · 0.60%
Similar plansProfessional & Technical Services · Georgia
Gds Associates, Inc. GA$83.7M · 0.14%
Descartes Systems USA LLC GA$83.3M · 0.23%
Savista, LLC GA$81.3M · 0.24%
Epi-Use America Inc GA$77.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201670242 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.