Plan Ledger DOL Form 5500 · updated monthly

Varex Imaging Corporation401(k)

VAREX IMAGING CORPORATION 401(K) RETIREMENT PLAN · SALT LAKE CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Varex Imaging Corporation reported $140,559 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $3,523 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 0.13% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 44th-largest of 848 plans among Utah employers on file, and the 1,334th of 13,661 in manufacturing. In 2024, employees put in $2.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$163,928,964
Participants with balances1,557
Active participants1,248
Employer contributions$4,396,517
Employee contributions$10,981,962
Employer contribution per active participant$3,523
Average account balance$105,285
Benefits paid to participants$20,969,676
Plan auditUnmodified (clean) audit opinion
AuditorPLANCHEC(K) CPAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$163.9M · 1,557 accts · $4.4M emplr
2023$141.1M · 1,645 accts · $4.6M emplr
2022$112.1M · 1,718 accts · $4.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$96,769
Investment management$43,790
Total administrative$140,559
The Varex Imaging Corporation 401(k) match · 2024
Employer contribution per active participant$3,523
Median for plans this size$3,635
2024$3,523 per active participant
2023$3,681 per active participant
2022$3,274 per active participant

Varex Imaging Corporation's 2024 employer contribution ran below the $3,635 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$98,122
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$43,790

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$140,559 · 0.09%
2023$139,495 · 0.11%
2022$155,073 · 0.13%
Same employer
Similar plansManufacturing · Utah
O.C. Tanner Company UT$345.9M · 0.11%
Swire Pacific Holdings Inc. UT$341.4M · 0.19%
Merit Medical Systems, Inc. UT$251.4M · 0.09%
Reh Services LLC UT$186.4M · 0.08%
Usana Health Sciences, Inc. UT$126.3M · 0.17%
Ultradent Products, Inc. UT$110.2M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813434516 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.