Plan Ledger DOL Form 5500 · updated monthly

Svs Vision, Inc.401(k)

SVS VISION, INC. NON-UNION EMPLOYEES 401 K PROFIT SHARING PLAN AND TRUST · MT. CLEMENS, MI · plan year 2023

Reported admin expense ratio · 2023
0.38%

Svs Vision, Inc. reported $74,795 in plan administrative expenses for 2023: 0.38% of average plan assets, above the peer median. 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 fell from 0.43% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,004th-largest of 2,619 plans among Michigan employers on file, and the 3,574th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$20,861,360
Participants with balances194
Active participants295
Employer contributions—
Employee contributions$1,416,199
Employer contribution per active participant—
Average account balance$107,533
Benefits paid to participants$2,369,140
Plan auditUnmodified (clean) audit opinion
AuditorFREEDMAN & GOLDBERG, CPA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$20.9M · 194 accts
2022$18.1M · 207 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$45,781
Investment management$29,014
Total administrative$74,795
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
JOHN HANCOCK RETIREMENT PLAN SRVCS · Recordkeeping · Loan processing$45,781
M HOLDINGS SECURITIES, INC · Investment advisory (plan)$29,014

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024Not separately reported
2023$74,795 · 0.38%
2022$84,050 · 0.43%
All plans at this employer2
SVS VISION, INC. NON-UNION EMPLOYEES 401 K PROFIT SHARING PLAN AND TRUST401(k)
SVS VISION, INC. UNION EMPLOYEES 401 K PROFIT SHARING PLAN401(k)
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Vpa, P.C. MI$21.4M · 0.65%
The Peplinski Group, Inc. MI$21.1M · 0.63%
Michigan Family Resources MI$20.9M · 0.41%
Special Tree, LTD. MI$20.3M · 0.64%
Pace Southeast Michigan MI$19.7M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383353735 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.