Plan Ledger DOL Form 5500 · updated monthly

Vander-Bend Manufacturing, Inc.401(k)

VANDER-BEND RETIREMENT PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Vander-Bend Manufacturing, Inc. reported $155,740 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $396 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 0.51%. 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 2,476th-largest of 9,483 plans among California employers on file, and the 4,167th of 13,661 in manufacturing. In 2024, employees put in $9.35 for every $1.00 the employer contributed; active participation has shrunk from 930 to 828 since 2022.

Plan summary
Net assets, end of year$33,352,412
Participants with balances592
Active participants828
Employer contributions$327,698
Employee contributions$3,064,965
Employer contribution per active participant$396
Average account balance$56,339
Benefits paid to participants$5,228,311
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.4M · 592 accts · $328K emplr
2023$27.9M · 525 accts · $304K emplr
2022$23.9M · 513 accts · $276K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$155,740
Total administrative$155,740
The Vander-Bend Manufacturing, Inc. 401(k) match · 2024
Employer contribution per active participant$396
Median for plans this size$2,416
2024$396 per active participant
2023$323 per active participant
2022$296 per active participant

Vander-Bend Manufacturing, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$141,112
CREATIVE PLANNING, INC. · Investment advisory (plan)indirect comp
CREATIVE PLANNING, LLC · Investment advisory (participants)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$155,740 · 0.51%
2023$111,969 · 0.43%
2022$114,289 · 0.49%
Same employer
Similar plansManufacturing · California
Careismatic Brands, Inc. CA$33.9M · 0.40%
Outset Medical, Inc. CA$33.8M · 0.25%
Zymergen Inc. CA$33.6M · 0.07%
Inova Diagnostics, Inc. CA$33.2M · 0.25%
Picarro, Inc. CA$33.1M · 0.35%
Crystal Creamery Inc. CA$33.0M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823755090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.