Plan Ledger DOL Form 5500 · updated monthly

Audio Visual Management Solutions, Inc.401(k)

AUDIO VISUAL MANAGEMENT SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST · SEATTLE, WA · plan year 2023

Reported admin expense ratio · 2023
0.46%

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

Audio Visual Management Solutions, Inc. reported $16,315 in plan administrative expenses for 2023: 0.46% of average plan assets, below the peer median. Employer contributions averaged $324 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 1 year on file its reported administrative ratio fell from 1.54% to 0.46%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Washington (1,442nd of 1,714), and 11,918th of 13,661 in manufacturing. In 2023, employees put in $4.23 for every $1.00 the employer contributed; active participation has grown from 286 to 366 since 2022.

Plan summary
Net assets, end of year$3,690,364
Participants with balances233
Active participants366
Employer contributions$118,574
Employee contributions$501,180
Employer contribution per active participant$324
Average account balance$15,838
Benefits paid to participants$795,505
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$3.7M · 233 accts · $119K emplr
2022$3.3M · 129 accts · $94K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,842
Investment management$10,473
Total administrative$16,315
The Audio Visual Management Solutions, Inc. 401(k) match · 2023
Employer contribution per active participant$324
Median for plans this size$1,308
2023$324 per active participant
2022$330 per active participant

Audio Visual Management Solutions, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PROFESSIONAL CAPITAL SERVICES, LLC · Claims processing · Consulting$10,473
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$5,842

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

Administrative cost history3
2024Not separately reported
2023$16,315 · 0.46%
2022$52,737 · 1.54%
Same employer
Similar plansManufacturing · Washington
Creo Industrial Arts, LLC WA$4.2M · 0.71%
Piller Aimmco, Inc. WA$4.1M · 0.52%
Portco Corporation WA$4.0M · 0.22%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 262836386 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.