Plan Ledger DOL Form 5500 · updated monthly

Duggal Visual Solutions, Inc.401(k)

DUGGAL VISUAL SOLUTIONS, INC. 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Duggal Visual Solutions, Inc. reported $102,695 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $895 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 0.24% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,238th-largest of 5,648 plans among New York employers on file, and the 5,250th of 13,661 in manufacturing. In 2024, employees put in $5.90 for every $1.00 the employer contributed; active participation has grown from 450 to 497 since 2022.

Plan summary
Net assets, end of year$24,084,300
Participants with balances597
Active participants497
Employer contributions$444,871
Employee contributions$2,624,781
Employer contribution per active participant$895
Average account balance$40,342
Benefits paid to participants$1,040,469
Plan auditUnmodified (clean) audit opinion
AuditorGRASSI & CO. CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 597 accts · $445K emplr
2023$18.9M · 532 accts · $370K emplr
2022$15.2M · 520 accts · $340K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,877
Investment management$38,818
Total administrative$102,695
The Duggal Visual Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$895
Median for plans this size$2,416
2024$895 per active participant
2023$795 per active participant
2022$755 per active participant

Duggal Visual Solutions, 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$63,877
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$38,818
ADP BROKER-DEALER · Other servicesindirect 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
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$102,695 · 0.48%
2023$90,827 · 0.53%
2022$35,977 · 0.24%
Similar plansManufacturing · New York
Darktrace Inc NY$24.8M · 0.41%
Westpoint Home LLC NY$24.8M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131980892 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.