Plan Ledger DOL Form 5500 · updated monthly

Bureau Veritas Consumer Products Services, Inc.401(k)

BUREAU VERITAS USA 401(K) PROFIT SHARING PLAN · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Bureau Veritas Consumer Products Services, Inc. reported $184,612 in plan administrative expenses for 2024: 0.23% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,342 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 0.01% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 910th-largest of 5,648 plans among New York employers on file, and the 1,748th of 11,654 in professional & technical services. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$85,237,222
Participants with balances785
Active participants457
Employer contributions$1,527,210
Employee contributions$3,262,687
Employer contribution per active participant$3,342
Average account balance$108,582
Benefits paid to participants$7,273,252
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$85.2M · 785 accts · $1.5M emplr
2023$73.2M · 678 accts · $1.3M emplr
2022$63.8M · 706 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,642
Investment management$92,599
Audit (IQPA)$10,040
Total administrative$184,612
The Bureau Veritas Consumer Products Services, Inc. 401(k) match · 2024
Employer contribution per active participant$3,342
Median for plans this size$3,635
2024$3,342 per active participant
2023$3,407 per active participant
2022$2,909 per active participant

Bureau Veritas Consumer Products Services, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size. 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$80,642
NFP RETIREMENT INC · Investment advisory (plan)$71,765
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$28,334

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

Administrative cost history3
2024$184,612 · 0.23%
2023$143,170 · 0.21%
2022$7,299 · 0.01%
Same employer
Similar plansProfessional & Technical Services · New York
Cullen & Dykman, LLP NY$89.3M · 0.00%
Liveperson, Inc. NY$87.7M · 0.15%
Icapital Network, Inc NY$85.4M · 0.27%
Diligent Corporation NY$84.4M · 0.13%
Socotec, Inc. NY$82.7M · 0.32%
Herrick, Feinstein LLP NY$82.1M · 0.13%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 581660400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.