Plan Ledger DOL Form 5500 · updated monthly

Ovivo USA LLC401(k)

OVIVO 401(K) PLAN · SALT LAKE CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Ovivo USA LLC reported $109,800 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $2,264 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 0.21% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 145th-largest of 848 plans among Utah employers on file, and the 3,078th of 13,661 in manufacturing. In 2024, employees put in $2.67 for every $1.00 the employer contributed; active participation has grown from 400 to 501 since 2022.

Plan summary
Net assets, end of year$51,690,824
Participants with balances558
Active participants501
Employer contributions$1,134,159
Employee contributions$3,031,657
Employer contribution per active participant$2,264
Average account balance$92,636
Benefits paid to participants$3,424,447
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$51.7M · 558 accts · $1.1M emplr
2023$44.3M · 505 accts · $1.0M emplr
2022$37.5M · 470 accts · $712K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$109,800
Total administrative$109,800
The Ovivo USA LLC 401(k) match · 2024
Employer contribution per active participant$2,264
Median for plans this size$2,416
2024$2,264 per active participant
2023$2,305 per active participant
2022$1,779 per active participant

Ovivo USA LLC'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$109,800
RESOURCES INVESTMENT ADVISORS · Investment advisory (plan)indirect 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$109,800 · 0.23%
2023$92,178 · 0.23%
2022$83,092 · 0.21%
Same employer
Similar plansManufacturing · Utah
Js&S (Water Holdings) Inc. UT$95.9M · 0.28%
Snap One, LLC UT$91.8M · 0.33%
Nutraceutical Corporation UT$63.4M · 0.18%
Jas. D. Easton, Inc. UT$56.4M · 0.13%
Gossner Foods, Inc. UT$50.1M · 0.01%
Biomerics, LLC UT$49.7M · 0.56%
Wavetronix, LLC UT$48.5M · 0.06%
Boman & Kemp Mfg Inc UT$43.0M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760742644 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.