Govcio LLC 401(k) Review & Grade
Govcio LLC 401(k) Profit Sharing Plan
Washington, DCProfessional, Scientific & Technical Services2,994 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,853Employer $ per active participant
$7,205Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$282.0MNet plan assets, end of year
$93,693Average balance per account
Score breakdown
- Employer generosity24.6 / 5049th percentile for employer $ per participant
- Low cost13.8 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 55th |
| Employee saving | 39th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($11,343 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $15,429 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Govcio put in about $2,853 per active participant, below the typical peer ($2,951). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $8,544,512 |
| Participant (employee) contributions | $21,574,084 |
| Other contributions (incl. rollovers in) | $7,860,480 |
| Administrative expenses paid from the plan | $279,002 |
| Contract administrator fees | $279,002 |
| Benefits paid out | $27,655,303 |
| Net assets, start / end of year | $240.9M / $282.0M |
| Active participants, start / end of year | 2,971 / 3,018 |
| Participants with account balances | 3,010 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $279,002 reported compensation |
| Cohnreznick | $87,919 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015142257NAL0002444531001, received 2025-10-15, EIN 27-3903343, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.