Plan Ledger DOL Form 5500 · updated monthly

Vexus Fiber, LLC401(k)

NTS COMMUNICATIONS LLC DBA VEXUS 401(K) PLAN · SIKESTON, MO · plan year 2023

Reported admin expense ratio · 2023
0.60%

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

Vexus Fiber, LLC reported $58,544 in plan administrative expenses for 2023: 0.60% of average plan assets, above the peer median. Employer contributions averaged $1,739 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 0.57% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in Missouri (807th of 1,393), and 313th of 412 in utilities. In 2023, employees put in $2.57 for every $1.00 the employer contributed; active participation has grown from 251 to 320 since 2022.

Plan summary
Net assets, end of year$11,102,989
Participants with balances398
Active participants320
Employer contributions$556,486
Employee contributions$1,431,353
Employer contribution per active participant$1,739
Average account balance$27,897
Benefits paid to participants$548,045
Plan auditUnmodified (clean) audit opinion
AuditorKERBER, ECK & BRAECKEL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $600K emplr
2023$11.1M · 398 accts · $556K emplr
2022$8.4M · 288 accts · $454K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$56,611
Investment management$1,933
Total administrative$58,544
The Vexus Fiber, LLC 401(k) match · 2023
Employer contribution per active participant$1,739
Median for plans this size$1,308
2023$1,739 per active participant
2022$1,809 per active participant

Vexus Fiber, LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$56,611

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024Not separately reported
2023$58,544 · 0.60%
2022$49,038 · 0.57%
Same employer
Similar plansUtilities · Missouri
Evergy, Inc. MO$1.7B · 0.08%
Spire Services Inc. MO$777.0M · 0.03%
Agilix Solutions, LLC MO$60.3M · 0.20%
Weg Transformers USA, LLC MO$15.9M · 0.45%
Herring Gas Company, Inc. MS$11.4M · 0.65%
Peerless Midwest, Inc. IN$11.4M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751791082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.