Plan Ledger DOL Form 5500 · updated monthly

Ovm Financial, Inc.401(k)

OVM FINANCIAL, INC 401(K) PLAN · VIRGINIA BEACH, VA · plan year 2022

Reported admin expense ratio · 2022
0.83%

Ovm Financial, Inc. reported $43,932 in plan administrative expenses for 2022: 0.83% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Virginia (2,026th of 2,266), and 4,612th of 4,798 in finance & insurance. In 2022, employees put in $4.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,666,361
Participants with balances125
Active participants0
Employer contributions$245,270
Employee contributions$998,378
Employer contribution per active participant—
Average account balance$21,331
Benefits paid to participants$5,244,546
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$2.7M · 125 accts · $245K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$35,322
Investment management$1,130
Professional / advisory$7,480
Total administrative$43,932
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$43,932 · 0.83%
Similar plansFinance & Insurance · Virginia
Spring Oaks Capital VA$4.1M · 1.91%
Prosper Group, LLC VA$1.7M · 0.65%
Ex Nihilo Capital VA$1.1M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611445782 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.