Plan Ledger DOL Form 5500 · updated monthly

Vanco Payment Solutions, Inc.401(k)

VANCO 401(K) PROFIT SHARING PLAN AND TRUST · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Vanco Payment Solutions, Inc. reported $79,228 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $3,589 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 0.30% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 876th-largest of 2,160 plans among Georgia employers on file, and 3,092nd of 4,798 in finance & insurance. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has shrunk from 272 to 214 since 2022.

Plan summary
Net assets, end of year$19,705,495
Participants with balances250
Active participants214
Employer contributions$768,096
Employee contributions$1,720,487
Employer contribution per active participant$3,589
Average account balance$78,822
Benefits paid to participants$1,511,061
Plan auditUnmodified (clean) audit opinion
AuditorMOORE COLSON AND COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$19.7M · 250 accts · $768K emplr
2023$16.2M · 268 accts · $841K emplr
2022$12.9M · 278 accts · $761K emplr
The Vanco Payment Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$3,589
Median for plans this size$2,416
2024$3,589 per active participant
2023$3,235 per active participant
2022$2,797 per active participant

Vanco Payment Solutions, Inc.'s 2024 employer contribution ran above 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 · 20241
BENEFIT PLANS ADMIN SERVICES, INC. · Recordkeeping · Consulting$72,751

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

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

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Administrative cost history3
2024$79,228 · 0.44%
2023$59,540 · 0.41%
2022$42,080 · 0.30%
Same employer
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The Crown Capital Fund, LLC GA$21.9M · 0.27%
Kinetic Credit Union GA$21.2M · 0.36%
Merchant Esolutions, Inc. GA$19.9M · 0.47%
Southeastern Bank GA$19.4M · 0.15%
South Banking Company GA$18.2M · 0.12%
Heritage Southeast Bank GA$17.6M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208040927 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.