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DRIVEN VENTURES, INC.

St. Cloud, Florida
1-24 employees
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Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
Driven Ventures, Inc. 401(K) Plan
This plan lags significantly behind industry standards, which can hurt recruitment efforts and lead to higher employee turnover.
DRIVEN VENTURES, INC.
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Plan Benchmark

Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$396
Avg Employer Contribution per Person per Year
Below
EE Friendly
Plan Design
Top Benefits
EE Friendly
Admin Fees as a % of Total Assets
Below
7%
1 Year Return
Laggard

Peer Group

Size
1-24 employees
Region
South Atlantic
Industry
Other Services (except Public Administration

Employer & Employee Contribution

Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort

Plan Details

Plan name
Driven Ventures, Inc. 401(K) Plan
Plan type
401k
Plan start date
08/29/2014
Plan assets
$51,688
Participation Rate
50.00 %
Loan %
20.07 %
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Key Plan Features

Each employer retirement plan is unique with different features that can benefit employees.
Loans
Yes
Self-directed
No
Auto-Enroll
Yes
Vesting Requirements
No

Returns

The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
Cohort

Administrative Fees

Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
Employer
Cohort
Administrative Fees %
Employer
Cohort
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