Plan Ledger DOL Form 5500 · updated monthly

Svanaco, Inc. dba Americaneagle.com401(k)

SVANACO, INC. DBA AMERICANEAGLE.COM 401(K) PLAN · DES PLAINES, IL · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Svanaco, Inc. dba Americaneagle.com reported $241,784 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,690 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 0.48% to 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 1,015th-largest of 3,702 plans among Illinois employers on file, and the 583rd of 2,199 in information & media. In 2024, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,614,637
Participants with balances643
Active participants483
Employer contributions$1,782,261
Employee contributions$3,998,682
Employer contribution per active participant$3,690
Average account balance$67,830
Benefits paid to participants$2,127,936
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.6M · 643 accts · $1.8M emplr
2023$34.0M · 655 accts · $859K emplr
2022$25.7M · 791 accts · $755K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,170
Investment management$134,272
Audit (IQPA)$19,750
Trustee / custodial$9,592
Total administrative$241,784
The Svanaco, Inc. dba Americaneagle.com 401(k) match · 2024
Employer contribution per active participant$3,690
Median for plans this size$2,416
2024$3,690 per active participant
2023$1,726 per active participant
2022$1,458 per active participant

Svanaco, Inc. dba Americaneagle.com's 2024 employer contribution ran above 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 · 20244
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$78,170
OPTIMUM INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$134,272
CBIZ CPAS PC · Accounting / audit$19,750
NEWPORT TRUST COMPANY · Trustee (directed)$9,592

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$241,784 · 0.62%
2023$177,873 · 0.60%
2022$127,698 · 0.48%
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Source: U.S. Department of Labor, Form 5500 series, EIN 363130008 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.