Plan Ledger DOL Form 5500 · updated monthly

Vandemark Chemical Inc.401(k)

VANDEMARK CHEMICAL INC. 401(K) PROFIT SHARING PLAN · LOCKPORT, NY · plan year 2022

Reported admin expense ratio · 2022
0.20%

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

Vandemark Chemical Inc. reported $31,707 in plan administrative expenses for 2022: 0.20% of average plan assets, below the peer median. Employer contributions averaged $3,495 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 0.20% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (3,127th of 5,648), and 7,507th of 13,661 in manufacturing. In 2022, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,644,318
Participants with balances150
Active participants95
Employer contributions$331,984
Employee contributions$634,556
Employer contribution per active participant$3,495
Average account balance$90,962
Benefits paid to participants$2,843,784
Plan auditUnmodified (clean) audit opinion
AuditorJEFFREY L OFFHAUS CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 123 accts · $355K emplr
2023$12.9M · 119 accts · $366K emplr
2022$13.6M · 150 accts · $332K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$22,307
Professional / advisory$9,400
Total administrative$31,707
The Vandemark Chemical Inc. 401(k) match · 2022
Employer contribution per active participant$3,495
Median for plans this size$2,266
2024$4,438 per active participant
2023$4,307 per active participant
2022$3,495 per active participant

Vandemark Chemical Inc.'s 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$63,503 · 0.52%
2023$54,448 · 0.41%
2022$31,707 · 0.20%
Similar plansManufacturing · New York
Alexander Wang LLC NY$13.7M · 0.66%
Cranesville Block Co., Inc. NY$13.7M · 0.93%
Ultrafabrics Inc NY$13.7M · 0.76%
Sovena USA, Inc. NY$13.7M · 0.48%
McAlpin Industries, Inc. NY$13.6M · 0.66%
B & B Lumber Company, Inc. NY$13.5M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160757316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.