Plan Ledger DOL Form 5500 · updated monthly

Orveon Global US LLC401(k)

ORVEON GLOBAL US LLC 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Orveon Global US LLC reported $54,054 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $5,542 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 1 year on file its reported administrative ratio rose from 0.20% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,637th-largest of 5,648 plans among New York employers on file, and the 1,591st of 5,215 in retail trade. In 2024, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,373,018
Participants with balances315
Active participants255
Employer contributions$1,413,270
Employee contributions$2,906,313
Employer contribution per active participant$5,542
Average account balance$58,327
Benefits paid to participants$2,488,149
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$18.4M · 315 accts · $1.4M emplr
2023$13.1M · 306 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,054
Total administrative$54,054
The Orveon Global US LLC 401(k) match · 2024
Employer contribution per active participant$5,542
Median for plans this size$2,416
2024$5,542 per active participant
2023$5,296 per active participant

Orveon Global US LLC's 2024 employer contribution ran above the $2,416 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 · 20241
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$54,054

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history2
2024$54,054 · 0.34%
2023$26,779 · 0.20%
Same employer
Similar plansRetail Trade · New York
Pepe Motors Corp. NY$18.7M · 0.03%
Stanton Carpet Corp. NY$18.6M · 0.34%
Helms Bros. Inc. NY$18.5M · 0.42%
1STDIBS.COM, Inc. NY$18.2M · 0.11%
Rag & Bone Industries, LLC NY$18.1M · 0.39%
Mobile Management, LLC NY$18.0M · 1.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 872670692 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.