Plan Ledger DOL Form 5500 · updated monthly

Nvision Solutions, Inc.401(k)

NVISION SOLUTIONS 401(K) RETIREMENT PLAN · DIAMONDHEAD, MS · plan year 2023

Reported admin expense ratio · 2023
0.48%

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

Nvision Solutions, Inc. reported $17,873 in plan administrative expenses for 2023: 0.48% of average plan assets, below the peer median. Employer contributions averaged $2,411 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 0.49% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Mississippi (257th of 367), and 10,106th of 11,654 in professional & technical services. In 2023, employees put in $1.60 for every $1.00 the employer contributed; active participation has shrunk from 118 to 65 since 2022.

Plan summary
Net assets, end of year$4,162,002
Participants with balances111
Active participants65
Employer contributions$156,726
Employee contributions$251,480
Employer contribution per active participant$2,411
Average account balance$37,496
Benefits paid to participants$251,925
Plan auditUnmodified (clean) audit opinion
AuditorKENDRICK CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 95 accts · $98K emplr
2023$4.2M · 111 accts · $157K emplr
2022$3.3M · 126 accts · $167K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,250
Investment management$1,200
Trustee / custodial$15,423
Total administrative$17,873
The Nvision Solutions, Inc. 401(k) match · 2023
Employer contribution per active participant$2,411
Median for plans this size$1,308
2024$1,751 per active participant
2023$2,411 per active participant
2022$1,418 per active participant

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

Service providers · 20232
HANCOCK WHITNEY BANK · Trustee$17,873

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$24,286 · 0.60%
2023$17,873 · 0.48%
2022$17,144 · 0.49%
Similar plansProfessional & Technical Services · Mississippi
Waggoner Engineering, Inc. MS$10.9M · 0.41%
HR New Hire, LLC MS$8.0M · 0.02%
Corporate Management, Inc MS$3.6M · 0.70%
Ms Tc LLC MS$3.5M · 1.98%
Corr Flight S Inc. MS$2.9M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020575214 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.