Plan Ledger DOL Form 5500 · updated monthly

V Shred, LLC401(k)

V SHRED 401(K) PLAN · LAS VEGAS, NV · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

V Shred, LLC reported $7,913 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,283 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 0.28% to 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Nevada (267th of 437), and 2,165th of 3,341 in other services. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 151 to 309 since 2022.

Plan summary
Net assets, end of year$5,936,728
Participants with balances423
Active participants309
Employer contributions$705,489
Employee contributions$1,116,246
Employer contribution per active participant$2,283
Average account balance$14,035
Benefits paid to participants$242,330
Plan auditUnmodified (clean) audit opinion
AuditorBAUER & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 423 accts · $705K emplr
2023$3.5M · 337 accts · $646K emplr
2022$1.9M · 218 accts · $536K emplr
Administrative expenses, itemized · 2024
Investment management$7,913
Total administrative$7,913
The V Shred, LLC 401(k) match · 2024
Employer contribution per active participant$2,283
Median for plans this size$1,313
2024$2,283 per active participant
2023$2,467 per active participant
2022$3,547 per active participant

V Shred, LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$7,913

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$7,913 · 0.17%
2023$6,967 · 0.26%
2022$3,616 · 0.28%
Same employer
Similar plansOther Services · Nevada
Community Services Agency NV$8.7M · 0.07%
Vadatech Inc NV$8.1M · 0.93%
Sobel Westex, Inc. NV$7.8M · 0.32%
C. Martin Company, Inc. NV$5.3M · 0.90%
Great Basin Institute NV$3.6M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822487400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.