Plan Ledger DOL Form 5500 · updated monthly

Vaughan-Bassett Furniture Co., Inc.Profit-sharing plan

VAUGHAN-BASSETT FURNITURE CO., INC. PROFIT SHARING PLAN · GALAX, VA · plan year 2023

Reported admin expense ratio · 2023
0.14%

Vaughan-Bassett Furniture Co., Inc. reported $7,128 in plan administrative expenses for 2023: 0.14% of average plan assets, lower than ~75% of peers. 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 1 year on file its reported administrative ratio fell from 0.18% to 0.14%. 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 Virginia (1,810th of 2,266), and 11,074th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$5,249,485
Participants with balances405
Active participants380
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$12,962
Benefits paid to participants$581,334
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$5.2M · 405 accts
2022$5.1M · 461 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,913
Trustee / custodial$1,215
Total administrative$7,128
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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$7,128

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$7,128 · 0.14%
2022$9,364 · 0.18%
Same employer
Similar plansManufacturing · Virginia
Open Plan Systems VA$5.9M · 0.45%
Smith Midland Corporation VA$5.8M · 0.04%
Advex Corporation VA$5.8M · 0.05%
Hoover & Strong, Inc. VA$5.4M · 0.57%
Constellis, LLC VA$5.1M · 2.97%
Tidewater Fibre Corp. VA$5.0M · 0.36%
Dominion Packaging, Inc. VA$4.9M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540415950 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.