New Jersey › Health care and social assistance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
MVRK I, LLC 401(k) Plan
Sponsored by MVRK I, LLC, Lakewood, NJ
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, MVRK I, LLC 401(k) Plan covered 1,583 participants and held $648K in net assets. The plan is a 401(k) plan sponsored by MVRK I, LLC of Lakewood, New Jersey. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $409 per participant, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well below the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $22K: $14.11 per participant, well below the same-size median of $82.08. Administrative expenses charged to the plan were $22K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $409 | $50,295 | $30,764 | $53,102 |
| Employer contributions per active participant | — | $2,045 | $1,536 | $2,175 |
| Schedule C compensation per participant | $14.11 | $82.08 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 3.4% | 0.17% | 0.31% | 0.26% |
| Administrative expenses per participant | $14.11 | $82.20 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$618,057
- Employer contributions—
- Participant contributions$164,305
- Rollovers and other contributions$2,962
- Total contributions$167,267
- Total income, including investment results$243,960
- Benefits paid$191,590
- Administrative expenses$22,331
- Total expenses$213,921
- Net income$30,039
- Net transfers$0
- Net assets, end of year$648,096
Participants
- Active participants1,521
- Retired or separated, receiving benefits6
- Retired or separated, entitled to future benefits56
- Participants with account balances314
- Total participants, end of year1,583
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Transamerica Retirement Solutions, | Recordkeeping and information management; Participant loan processing | $15,739 | $0 |
| Intac Actuarial Services, Inc. | Recordkeeping and information management; Participant loan processing | $3,750 | $0 |
| Wells Fargo Advisors LLC | Investment advisory (plan) | $2,841 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$22,331
- Total administrative expenses$22,331
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$569K · 87.7%
- Receivables$77K · 11.9%
- Participant loans$2,200 · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionNot stated
- Audit scope limited under ERISA section 103(a)(3)(C)—
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondNo
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2TTotal or partial participant-directed account plan with a default investment account2UMultiple-employer pension plan that is an Association Retirement Plan3HPlan sponsor(s) is (are) a member(s) of a controlled group2EProfit-sharing plan3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 623000: Nursing & Residential Care Facilities.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Oaks Integrated Care, Inc. 403(b) Savings Plan | Oaks Integrated Care, Inc. | 1,639 | $47.4M | $28,913 |
| Preferred Home Care 401(k) Plan | Preferred Home Health Care & Nursing Services, Inc. | 1,525 | $9.8M | $6,405 |
| Preferred Care of New Jersey 401(k) Plan | Preferred Care Holdings, LLC | 1,712 | $4.7M | $2,743 |
| Ivi America LLC 401(k) Profit Sharing Plan | Ivi America LLC | 1,471 | $68.9M | $46,844 |
| Center for Family Services, Inc. 401(k) Salary Reduction Plan | Center for Family Services, Inc. | 1,738 | $23.6M | $13,593 |
| MB Healthcare 401(k) | Stratford Manor Rehabilitation and Care Center LLC | 1,452 | — | — |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is MVRK I, LLC 401(k) Plan?
1,583 participants at the end of the plan year ending 31 Dec 2024, of whom 1,521 were active employees, with net assets of $648,096. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does MVRK I, LLC contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $22,330 in compensation to service provider organisations, $14.11 per participant or 3.4% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $22,331. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is MVRK I, LLC. Recordkeeping or administration: Transamerica Retirement Solutions, and Intac Actuarial Services, Inc.. Investment advisory or management: Wells Fargo Advisors LLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing does not state an accountant's opinion type.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 87-3347177, plan 001, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.