Plan Ledger DOL Form 5500 · updated monthly

Variosystems, Inc.401(k)

VARIOSYSTEMS, INC. 401(K) PLAN · SOUTHLAKE, TX · plan year 2023

Reported admin expense ratio · 2023
0.45%

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

Variosystems, Inc. reported $30,491 in plan administrative expenses for 2023: 0.45% of average plan assets, below the peer median. Employer contributions averaged $691 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 0.32% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Texas (3,562nd of 5,688), and 10,051st of 13,661 in manufacturing. In 2023, employees put in $4.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,201,477
Participants with balances154
Active participants168
Employer contributions$116,034
Employee contributions$562,115
Employer contribution per active participant$691
Average account balance$46,763
Benefits paid to participants$1,131,249
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 139 accts · $122K emplr
2023$7.2M · 154 accts · $116K emplr
2022$6.4M · 148 accts · $144K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,000
Investment management$26,491
Total administrative$30,491
The Variosystems, Inc. 401(k) match · 2023
Employer contribution per active participant$691
Median for plans this size$1,308
2024$905 per active participant
2023$691 per active participant
2022$873 per active participant

Variosystems, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
NOVA 401(K) ASSOCIATES · Contract administrator$7,999

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$40,985 · 0.59%
2023$30,491 · 0.45%
2022$21,329 · 0.32%
Similar plansManufacturing · Texas
Hfs Holding Corporation TX$7.4M · 0.51%
Diab Americas LP TX$7.2M · 0.60%
Oscor Inc. TX$7.2M · 0.56%
The Letco Group, LLC TX$7.1M · 0.41%
Evergreen Recycling, LLC TX$7.1M · 1.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 752793709 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.