Corvias Corporate Services, LLC 401(k) Review & Grade
Corvias Savings & Retirement Plan
Warwick, RIConstruction822 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,098Employer $ per active participant
$6,664Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$77.9MNet plan assets, end of year
$66,337Average balance per account
Score breakdown
- Employer generosity38.7 / 5077th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 42th |
| Employee saving | 80th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Corvias Corporate Services put in about $3,098 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,548,459 |
| Participant (employee) contributions | $5,480,755 |
| Other contributions (incl. rollovers in) | $922,775 |
| Administrative expenses paid from the plan | $205,402 |
| Contract administrator fees | $157,999 |
| Investment advisory & management fees | $47,403 |
| Benefits paid out | $6,192,835 |
| Net assets, start / end of year | $65.7M / $77.9M |
| Active participants, start / end of year | 806 / 839 |
| Participants with account balances | 1,174 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $158,373 reported compensation |
| Global Retirement Partners, LLC | $34,543 reported compensation |
| Reliance Trust Company | $13,535 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926124947NAL0011823091001, received 2025-09-26, EIN 92-2174940, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.