Plan Ledger DOL Form 5500 · updated monthly

Valtronic Technologies (USA) Inc.401(k)

VALTRONIC TECHNOLOGIES (USA) INC. RETIREMENT SAVINGS PLAN · SOLON, OH · plan year 2023

Reported admin expense ratio · 2023
0.55%

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

Valtronic Technologies (USA) Inc. reported $20,781 in plan administrative expenses for 2023: 0.55% of average plan assets, above the peer median. Employer contributions averaged $1,768 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 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,653rd of 3,295), and 11,640th of 13,661 in manufacturing. In 2023, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,212,475
Participants with balances131
Active participants108
Employer contributions$190,958
Employee contributions$401,954
Employer contribution per active participant$1,768
Average account balance$32,156
Benefits paid to participants$526,499
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 117 accts · $197K emplr
2023$4.2M · 131 accts · $191K emplr
2022$3.4M · 125 accts · $167K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$20,781
Total administrative$20,781
The Valtronic Technologies (USA) Inc. 401(k) match · 2023
Employer contribution per active participant$1,768
Median for plans this size$1,308
2024$1,876 per active participant
2023$1,768 per active participant
2022$1,607 per active participant

Valtronic Technologies (USA) Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$20,781
LINCOLN FINANCIAL ADVS CORP · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · 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$22,114 · 0.53%
2023$20,781 · 0.55%
2022$20,137 · 0.55%
Same employer
Similar plansManufacturing · Ohio
Verhoff Machine & Welding OH$4.3M · 1.33%
Hynes Industries, Inc. OH$4.3M · 0.35%
Polymer Packaging, Inc. OH$4.2M · 0.08%
Maval Industries, LLC OH$4.0M · 0.39%
Third Dimension, Inc. OH$4.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341512705 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.