Plan Ledger DOL Form 5500 · updated monthly

Orion Energy Systems, Inc.401(k)

ORION ENERGY SYSTEMS, INC. 401(K) PLAN · MANITOWOC, WI · plan year 2024

Reported admin expense ratio · 2024
1.11%

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

Orion Energy Systems, Inc. reported $123,218 in plan administrative expenses for 2024: 1.11% of average plan assets, higher than ~90% of peers. Employer contributions averaged $816 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 0.63% to 1.11%. 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 among the smaller plans on file in Wisconsin (1,199th of 1,936), and 8,165th of 13,661 in manufacturing. In 2024, employees put in $6.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,592,198
Participants with balances333
Active participants203
Employer contributions$165,711
Employee contributions$1,124,801
Employer contribution per active participant$816
Average account balance$34,811
Benefits paid to participants$2,156,906
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 333 accts · $166K emplr
2023$10.6M · 305 accts · $143K emplr
2022$7.2M · 286 accts · $139K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,859
Investment management$29,625
Total administrative$123,218
The Orion Energy Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$816
Median for plans this size$2,416
2024$816 per active participant
2023$652 per active participant
2022$649 per active participant

Orion Energy Systems, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
ORION ENERGY SYSTEMS INC$49,740
FIFTH THIRD BANK · Investment advisory (plan)$29,625
CLIFTON LARSONALLEN, LLP$2,994

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$123,218 · 1.11%
2023$52,482 · 0.59%
2022$48,935 · 0.63%
Same employer
Similar plansManufacturing · Wisconsin
Household Utilities Inc WI$11.7M · 0.57%
Fytertech Nonwovens, LLC WI$11.6M · 0.82%
Denali Staffing, LLC WI$11.6M · 0.07%
Osi Environmental, Inc. WI$11.3M · 0.51%
Poly Vinyl Company, Inc. WI$11.3M · 0.13%
Nps Holdings LLC WI$11.3M · 0.49%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 391847269 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.