Plan Ledger DOL Form 5500 · updated monthly

Reva Inc.401(k)

REVA INC. · FORT LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Reva Inc. reported $28,809 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $2,783 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 3 years on file its reported administrative ratio has held roughly steady near 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Florida (2,440th of 3,644), and 1,598th of 2,677 in transportation & warehousing. In 2024, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,267,097
Participants with balances133
Active participants114
Employer contributions$317,205
Employee contributions$655,933
Employer contribution per active participant$2,783
Average account balance$39,602
Benefits paid to participants$1,255,813
Plan auditUnmodified (clean) audit opinion
AuditorKP LYNCH CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$5.3M · 133 accts · $317K emplr
2023$4.9M · 127 accts · $255K emplr
2022$3.9M · 121 accts · $248K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,824
Investment management$15,985
Total administrative$28,809
The Reva Inc. 401(k) match · 2024
Employer contribution per active participant$2,783
Median for plans this size$1,313
2024$2,783 per active participant
2023$2,407 per active participant
2022$2,384 per active participant

Reva Inc.'s 2024 employer contribution ran above the $1,313 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$15,985
ADP, INC. · Loan processing · Recordkeeping$12,823
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$28,809 · 0.57%
2023$24,141 · 0.55%
2022$25,376 · 0.59%
Similar plansTransportation & Warehousing · Florida
Eclipse Advantage, LLC FL$5.7M · 5.07%
Fsm Group LLC FL$4.9M · 1.22%
Access USA Shipping, LLC FL$4.6M · 1.10%
Dann Ocean Towing Inc. FL$4.6M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650750314 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.