Plan Ledger DOL Form 5500 · updated monthly

Vaso Corporation401(k)

VASO CORPORATION 401(K) PROFIT SHARING PLAN & TRUST · PLAINVIEW, NY · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Vaso Corporation reported $7,763 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,587 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 0.04% to 0.05%. 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 among the smaller plans on file in New York (2,831st of 5,648), and the 6,737th of 13,661 in manufacturing. In 2024, employees put in $5.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,247,940
Participants with balances163
Active participants221
Employer contributions$350,724
Employee contributions$1,753,621
Employer contribution per active participant$1,587
Average account balance$99,681
Benefits paid to participants$1,937,125
Plan auditUnmodified (clean) audit opinion
AuditorEICHEN & DIMEGLIO, PC
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 163 accts · $351K emplr
2023$13.5M · 151 accts · $239K emplr
2022$11.2M · 155 accts · $119K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,763
Total administrative$7,763
The Vaso Corporation 401(k) match · 2024
Employer contribution per active participant$1,587
Median for plans this size$2,416
2024$1,587 per active participant
2023$1,080 per active participant
2022$576 per active participant

Vaso Corporation'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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$6,528
ASSOCIATED PENSION CONSULTANT · Contract administrator · Other services$1,235
PRINCIPAL SECURITIES INC · Other servicesindirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · 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$7,763 · 0.05%
2023$6,768 · 0.05%
2022$5,354 · 0.04%
Same employer
Similar plansManufacturing · New York
Adaptec Solutions, LLC NY$16.7M · 0.15%
Hammer Packaging Corp. NY$16.5M · 0.07%
Comfort Window Co., Inc. NY$16.4M · 0.41%
Roberts Gordon LLC NY$16.3M · 0.32%
US Salt, LLC NY$16.2M · 0.59%
Epic Pharma LLC Union NY$16.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112871434 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.