Plan Ledger DOL Form 5500 · updated monthly

Vanguard Industries East, Inc.401(k)

VANGUARD INDUSTRIES EAST 401(K) PLAN · NORFOLK, VA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Vanguard Industries East, Inc. reported $61,390 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $1,849 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 fell from 0.76% to 0.33%. 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 1,007th-largest of 2,266 plans among Virginia employers on file, and the 5,988th of 13,661 in manufacturing. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 171 to 189 since 2022.

Plan summary
Net assets, end of year$19,690,802
Participants with balances181
Active participants189
Employer contributions$349,514
Employee contributions$669,270
Employer contribution per active participant$1,849
Average account balance$108,789
Benefits paid to participants$587,728
Plan auditUnmodified (clean) audit opinion
AuditorJOHN, JACOB & VAYALUMKAL, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$19.7M · 181 accts · $350K emplr
2023$17.1M · 172 accts · $325K emplr
2022$14.9M · 181 accts · $312K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,390
Total administrative$61,390
The Vanguard Industries East, Inc. 401(k) match · 2024
Employer contribution per active participant$1,849
Median for plans this size$2,416
2024$1,849 per active participant
2023$1,766 per active participant
2022$1,826 per active participant

Vanguard Industries East, Inc.'s 2024 employer contribution ran below 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 · 20244
GALLAGHER BENEFIT SERVICES, INC. · Investment advisory (plan)$27,500
CAMPBELL ALBRECHT · Contract administrator · Plan administrator$5,045
EMPOWER ADVISORY GROUP, LLC · Investment management$3,633

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$61,390 · 0.33%
2023$48,465 · 0.30%
2022$124,765 · 0.76%
Same employer
Similar plansManufacturing · Virginia
Davis, Carter, Scott LTD. VA$22.1M · 0.36%
Hanwha Azdel, Inc. VA$21.0M · 0.31%
Optical Cable Corporation VA$20.2M · 0.22%
Vbrick Systems, Inc. VA$19.0M · 0.07%
Banker Steel Holdco LLC VA$18.9M · 0.56%
Dynax America Corporation VA$18.9M · 0.05%
Cornet Technology, Inc VA$18.6M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541817115 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.