Plan Ledger DOL Form 5500 · updated monthly

Lions Volunteer Blind Industries, Inc.401(k)

LIONS VOLUNTEER BLIND INDUSTRIES, INC. 401(K) PLAN · MORRISTOWN, TN · plan year 2023

Reported admin expense ratio · 2023
0.52%

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

Lions Volunteer Blind Industries, Inc. reported $7,489 in plan administrative expenses for 2023: 0.52% of average plan assets, above the peer median. Employer contributions averaged $340 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 rose from 0.04% to 0.52%. 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 Tennessee (1,361st of 1,496), and 13,043rd of 13,661 in manufacturing. In 2023, employees put in $1.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,521,749
Participants with balances78
Active participants122
Employer contributions$41,517
Employee contributions$67,265
Employer contribution per active participant$340
Average account balance$19,510
Benefits paid to participants$129,079
Plan auditUnmodified (clean) audit opinion
AuditorCRAINE,THOMPSON, & JONES
Plan history2
Yearassets · accounts · employer contribution
2023$1.5M · 78 accts · $42K emplr
2022$1.4M · 109 accts · $52K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$7,489
Total administrative$7,489
The Lions Volunteer Blind Industries, Inc. 401(k) match · 2023
Employer contribution per active participant$340
Median for plans this size$1,308
2023$340 per active participant
2022$318 per active participant

Lions Volunteer Blind Industries, 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 · 20231
USI CONSULTING GROUP · Claims processing · Recordkeeping$7,489

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

Administrative cost history2
2023$7,489 · 0.52%
2022$560 · 0.04%
Similar plansManufacturing · Tennessee
Kyowa America Corporation TN$1.9M · 0.81%
United Cabinet Co., LLC TN$1.7M · 0.47%
Titan Implement, LLC TN$1.5M · 0.47%
Jds Technologies Inc TN$1.1M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620526643 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.