Plan Ledger DOL Form 5500 · updated monthly

Sevan Multi-Site Solutions, Inc.401(k)

SEVAN MULTI-SITE SOLUTIONS, INC. 401(K) PLAN · DOWNERS GROVE, IL · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Sevan Multi-Site Solutions, Inc. reported $96,950 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $5,547 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 0.300%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,218th-largest of 3,702 plans among Illinois employers on file, and the 413th of 2,096 in real estate & leasing. In 2024, employees put in $1.46 for every $1.00 the employer contributed; active participation has shrunk from 393 to 312 since 2022.

Plan summary
Net assets, end of year$33,936,931
Participants with balances475
Active participants312
Employer contributions$1,730,638
Employee contributions$2,525,345
Employer contribution per active participant$5,547
Average account balance$71,446
Benefits paid to participants$5,649,208
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$33.9M · 475 accts · $1.7M emplr
2023$30.6M · 568 accts · $2.3M emplr
2022$23.5M · 483 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$96,950
Total administrative$96,950
The Sevan Multi-Site Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$5,547
Median for plans this size$2,416
2024$5,547 per active participant
2023$5,070 per active participant
2022$4,936 per active participant

Sevan Multi-Site Solutions, Inc.'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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$96,950

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

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

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

Administrative cost history3
2024$96,950 · 0.30%
2023$76,763 · 0.28%
2022$76,850 · 0.30%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 275107237 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.