Plan Ledger DOL Form 5500 · updated monthly

Vapotherm, Inc.401(k)

VAPOTHERM, INC. 401(K) PLAN · EXETER, NH · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Vapotherm, Inc. reported $125,232 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,504 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 0.82% to 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 167th-largest of 411 plans among New Hampshire employers on file, and the 5,219th of 11,654 in professional & technical services. In 2024, employees put in $4.54 for every $1.00 the employer contributed; active participation has shrunk from 218 to 144 since 2022.

Plan summary
Net assets, end of year$21,922,270
Participants with balances285
Active participants144
Employer contributions$360,590
Employee contributions$1,635,810
Employer contribution per active participant$2,504
Average account balance$76,920
Benefits paid to participants$1,279,296
Plan auditUnmodified (clean) audit opinion
AuditorBOIVIN & ASSOCIATES, CPAS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$21.9M · 285 accts · $361K emplr
2023$18.8M · 308 accts · $493K emplr
2022$16.7M · 392 accts · $844K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,362
Investment management$18,270
Total administrative$125,232
The Vapotherm, Inc. 401(k) match · 2024
Employer contribution per active participant$2,504
Median for plans this size$2,416
2024$2,504 per active participant
2023$3,064 per active participant
2022$3,873 per active participant

Vapotherm, 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$60,950
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$58,870
THE MANDMARBLESTONE GROUP LLC · Contract administrator · Other services$5,412

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$125,232 · 0.62%
2023$120,046 · 0.68%
2022$144,387 · 0.82%
Same employer
Similar plansProfessional & Technical Services · New Hampshire
Boston Analytical, Inc. NH$24.2M · 0.27%
Yieldmo, Inc. NH$18.9M · 0.01%
Adrenaline, LLC NH$17.3M · 0.48%
Nobis Engineering, Inc. NH$16.9M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462259298 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.