Plan Ledger DOL Form 5500 · updated monthly

Applied Visions, Inc.401(k)

APPLIED VISIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST · NORTHPORT, NY · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Applied Visions, Inc. reported $75,148 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $682 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 rose from 0.06% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,219th of 5,648), and 7,136th of 11,654 in professional & technical services. In 2024, employees put in $11.92 for every $1.00 the employer contributed; active participation has shrunk from 86 to 75 since 2022.

Plan summary
Net assets, end of year$12,865,529
Participants with balances129
Active participants75
Employer contributions$51,132
Employee contributions$609,453
Employer contribution per active participant$682
Average account balance$99,733
Benefits paid to participants$1,641,125
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 129 accts · $51K emplr
2023$12.0M · 141 accts · $64K emplr
2022$9.4M · 128 accts · $64K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,148
Total administrative$75,148
The Applied Visions, Inc. 401(k) match · 2024
Employer contribution per active participant$682
Median for plans this size$2,416
2024$682 per active participant
2023$661 per active participant
2022$750 per active participant

Applied Visions, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
JOHN HANCOCK LIFE INSURANCE OF NY · Recordkeeping · Investment management$3,045
EDWARD D. JONES & CO L.P. · Investment advisory (participants)$30,674
WILSHIRE ASSOCIATES INC NY · Investment advisory (participants)$2,454
CITRIN COOPERMAN & COMPANY LLP · Accounting / auditindirect comp

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$75,148 · 0.60%
2023$69,599 · 0.65%
2022$6,812 · 0.06%
Similar plansProfessional & Technical Services · New York
Thoughtbot, Inc. NY$12.9M · 0.21%
Click Therapeutics, Inc. NY$12.9M · 0.11%
RAILROAD19, Inc. NY$12.8M · 0.11%
Bernier Carr and Associates NY$12.7M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112892034 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.