Plan Ledger DOL Form 5500 · updated monthly

Valcor Engineering Corporation401(k)

VALCOR ENGINEERING CORPORATION 401(K) THRIFT SAVINGS PLAN · SPRINGFIELD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Valcor Engineering Corporation reported $115,354 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,706 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 3 years on file its reported administrative ratio has held roughly steady near 0.25%. 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 575th-largest of 2,419 plans among New Jersey employers on file, and the 3,160th of 13,661 in manufacturing. In 2024, employees put in $4.28 for every $1.00 the employer contributed; active participation has grown from 331 to 425 since 2022.

Plan summary
Net assets, end of year$49,923,081
Participants with balances503
Active participants425
Employer contributions$725,104
Employee contributions$3,104,266
Employer contribution per active participant$1,706
Average account balance$99,251
Benefits paid to participants$2,336,257
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$49.9M · 503 accts · $725K emplr
2023$42.8M · 440 accts · $680K emplr
2022$37.5M · 411 accts · $416K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$115,354
Total administrative$115,354
The Valcor Engineering Corporation 401(k) match · 2024
Employer contribution per active participant$1,706
Median for plans this size$2,416
2024$1,706 per active participant
2023$1,889 per active participant
2022$1,256 per active participant

Valcor Engineering Corporation's 2024 employer contribution ran below the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$115,353
RESOURCES INVESTMENT ADVISORS · Investment advisory (plan)indirect comp

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$115,354 · 0.25%
2023$89,098 · 0.22%
2022$99,106 · 0.24%
Same employer
Similar plansManufacturing · New Jersey
Renaissance Lakewood, LLC NJ$53.2M · 0.32%
Hartz Mountain Corporation NJ$51.7M · 0.16%
Astrodyne Corporation NJ$51.5M · 0.17%
Ekaterra 401(K) Plan NJ$50.9M · 0.09%
Global Industries, Inc. NJ$49.8M · 0.18%
Tris Pharma, Inc. NJ$49.7M · 0.16%
True Capital Partners, LLC NJ$49.2M · 0.22%
Sk Life Science, Inc. NJ$49.0M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221513100 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.