Plan Ledger DOL Form 5500 · updated monthly

Oceus Networks, LLC401(k)

OCEUS NETWORKS, LLC 401(K) PLAN · HERNDON, VA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Oceus Networks, LLC reported $6,786 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,522 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 0.07% to 0.03%. 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 858th-largest of 2,266 plans among Virginia employers on file, and the 5,138th of 13,661 in manufacturing. In 2024, employees put in $2.38 for every $1.00 the employer contributed; active participation has shrunk from 88 to 63 since 2022.

Plan summary
Net assets, end of year$24,925,223
Participants with balances133
Active participants63
Employer contributions$410,914
Employee contributions$979,058
Employer contribution per active participant$6,522
Average account balance$187,408
Benefits paid to participants$2,914,303
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.9M · 133 accts · $411K emplr
2023$22.8M · 149 accts · $493K emplr
2022$18.5M · 145 accts · $402K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$465
Investment management$6,321
Total administrative$6,786
The Oceus Networks, LLC 401(k) match · 2024
Employer contribution per active participant$6,522
Median for plans this size$2,416
2024$6,522 per active participant
2023$5,194 per active participant
2022$4,570 per active participant

Oceus Networks, LLC'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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$6,321
JPMORGAN INVEST HOLDINGS LLC$465

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$6,786 · 0.03%
2023$13,794 · 0.07%
2022$13,093 · 0.07%
Similar plansManufacturing · Virginia
Bauer Compressors, Inc. VA$26.2M · 0.25%
Weidmuller, Inc. VA$26.2M · 0.33%
Trimech Acquisition Corp. VA$26.1M · 0.15%
Virginia Panel Corporation VA$25.6M · 0.44%
Starkist Co. VA$24.6M · 0.01%
Universal Fibers, Inc. VA$24.2M · 0.49%
American Gfm Corporation VA$23.0M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 251744631 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.