Plan Ledger DOL Form 5500 · updated monthly

Microvision, Inc.401(k)

MICROVISION, INC. 401(K) RETIREMENT PLAN · REDMOND, WA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Microvision, Inc. reported $8,940 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,997 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 fell from 0.08% to 0.04%. 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 585th-largest of 1,714 plans among Washington employers on file, and the 5,007th of 13,661 in manufacturing. In 2024, employees put in $3.36 for every $1.00 the employer contributed; active participation has shrunk from 113 to 74 since 2022.

Plan summary
Net assets, end of year$25,847,844
Participants with balances194
Active participants74
Employer contributions$443,755
Employee contributions$1,491,668
Employer contribution per active participant$5,997
Average account balance$133,236
Benefits paid to participants$4,071,893
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.8M · 194 accts · $444K emplr
2023$23.1M · 221 accts · $476K emplr
2022$19.2M · 192 accts · $396K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,940
Total administrative$8,940
The Microvision, Inc. 401(k) match · 2024
Employer contribution per active participant$5,997
Median for plans this size$2,416
2024$5,997 per active participant
2023$3,745 per active participant
2022$3,507 per active participant

Microvision, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20241
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$8,940

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$8,940 · 0.04%
2023$3,425 · 0.02%
2022$18,024 · 0.08%
Same employer
Similar plansManufacturing · Washington
The Noel Corporation WA$27.9M · 0.36%
Obi Seafoods, LLC WA$27.5M · 0.34%
Ocean Beauty Seafoods LLC WA$25.4M · 0.18%
Commercial Creamery Company WA$23.1M · 0.33%
Redapt, Inc. WA$22.8M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911600822 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.