Plan Ledger DOL Form 5500 · updated monthly

The Davey Tree Expert Company401(k)

THE DAVEY 401KSOP AND ESOP · KENT, OH · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

The Davey Tree Expert Company reported $432,052 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $1,465 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 0.12% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other administrative & support services employers. By assets it is the 116th-largest of 3,295 plans among Ohio employers on file, and the 51st of 2,534 in administrative & support services. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$448,407,983
Participants with balances5,149
Active participants7,923
Employer contributions$11,606,751
Employee contributions$22,373,945
Employer contribution per active participant$1,465
Average account balance$87,086
Benefits paid to participants$42,184,051
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$448.4M · 5,149 accts · $11.6M emplr
2023$402.6M · 5,115 accts · $10.4M emplr
2022$343.3M · 5,072 accts · $9.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$432,052
Total administrative$432,052
The The Davey Tree Expert Company 401(k) match · 2024
Employer contribution per active participant$1,465
Median for plans this size$4,294
2024$1,465 per active participant
2023$1,309 per active participant
2022$1,233 per active participant

The Davey Tree Expert Company's 2024 employer contribution ran below the $4,294 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 · 20245
ARGENT TRUST COMPANY · Contract administrator · Plan administrator$235,237
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$152,549
MPI · Contract administrator$40,505
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$432,052 · 0.10%
2023$355,429 · 0.10%
2022$430,265 · 0.12%
Same employer
Similar plansAdministrative & Support Services · Ohio
Apex Systems, LLC VA$478.7M · 0.10%
Trugreen Limited Partnership TN$465.6M · 0.22%
Environmental Chemical Corp. CA$453.0M · 0.00%
Questco Holdings, Inc. TX$441.6M · 0.72%
Stericycle, Inc. IL$417.5M · 0.20%
Amn Healthcare, Inc. CA$417.0M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340176110 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.