Plan Ledger DOL Form 5500 · updated monthly

Vamac, Incorporated401(k)

VAMAC, INCORPORATED 401(K) PROFIT SHARING PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Vamac, Incorporated reported $42,677 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $4,852 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 0.09% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 823rd-largest of 2,266 plans among Virginia employers on file, and the 1,513th of 4,246 in wholesale trade. In 2024, employees put in $1.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,145,441
Participants with balances199
Active participants179
Employer contributions$868,520
Employee contributions$956,839
Employer contribution per active participant$4,852
Average account balance$131,384
Benefits paid to participants$1,304,501
Plan auditUnmodified (clean) audit opinion
AuditorKEITER
Plan history3
Yearassets · accounts · employer contribution
2024$26.1M · 199 accts · $869K emplr
2023$22.9M · 200 accts · $861K emplr
2022$19.6M · 198 accts · $839K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,083
Investment management$2,094
Total administrative$42,677
The Vamac, Incorporated 401(k) match · 2024
Employer contribution per active participant$4,852
Median for plans this size$2,416
2024$4,852 per active participant
2023$5,038 per active participant
2022$4,876 per active participant

Vamac, Incorporated's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$28,083
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$9,375

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$42,677 · 0.17%
2023$22,485 · 0.11%
2022$18,841 · 0.09%
Same employer
Similar plansWholesale Trade · Virginia
C & F Enterprises, Inc. VA$30.0M · 0.34%
Arco Innovations, Inc VA$25.6M · 0.46%
Value Added Distributors VA$24.3M · 0.39%
Korber Technologies, Inc VA$24.0M · 0.31%
Shelor Motor Mile, Inc. VA$22.3M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540419975 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.