Plan Ledger DOL Form 5500 · updated monthly

Revco Solutions, Inc.401(k)

REVCO SOLUTIONS 401(K) PLAN · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Revco Solutions, Inc. reported $55,643 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $719 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 0.53% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 905th-largest of 2,005 plans among North Carolina employers on file, and the 795th of 2,534 in administrative & support services. In 2024, employees put in $3.04 for every $1.00 the employer contributed; active participation has grown from 394 to 516 since 2022.

Plan summary
Net assets, end of year$14,346,536
Participants with balances390
Active participants516
Employer contributions$371,129
Employee contributions$1,126,535
Employer contribution per active participant$719
Average account balance$36,786
Benefits paid to participants$1,823,087
Plan auditUnmodified (clean) audit opinion
AuditorMPCOMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 390 accts · $371K emplr
2023$12.8M · 410 accts · $372K emplr
2022$10.6M · 420 accts · $338K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,735
Investment management$16,908
Total administrative$55,643
The Revco Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$719
Median for plans this size$2,416
2024$719 per active participant
2023$826 per active participant
2022$859 per active participant

Revco Solutions, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$20,419
JOHN HANCOCK · Recordkeeping$18,317
MMA SECURITIES, LLC · Recordkeeping · Trustee$16,906

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, John Hancock, MMA SECURITIES, LLC
2023ADP, MMA SECURITIES, LLC

This plan has changed recordkeepers within these filings. If you left Revco Solutions, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$55,643 · 0.41%
2023$41,436 · 0.35%
2022$47,755 · 0.53%
Same employer
Similar plansAdministrative & Support Services · North Carolina
Intelerad LTD NC$16.9M · 0.25%
W.T. Humphrey, Inc. NC$14.1M · 0.81%
Transportation Impact LLC NC$12.6M · 0.69%
Zapata Group Inc NC$12.2M · 0.27%
Zapata Group Inc NC$10.6M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 311519935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.