Plan Ledger DOL Form 5500 · updated monthly

Veoneer Brake Systems LLC401(k)

VEONEER BRAKE SYSTEMS LLC 401(K) PLAN · FINDLAY, OH · plan year 2019

Reported admin expense ratio · 2019
0.69%

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

Veoneer Brake Systems LLC reported $82,586 in plan administrative expenses for 2019: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,153 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 has held roughly steady near 0.73%. The plan sits in the $10M–$50M size bracket, benchmarked here against 68 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (1,755th of 3,295), and 7,787th of 13,661 in manufacturing. In 2019, employees put in $2.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,794,802
Participants with balances215
Active participants181
Employer contributions$208,654
Employee contributions$498,123
Employer contribution per active participant$1,153
Average account balance$59,511
Benefits paid to participants$1,367,831
Plan auditDisclaimer of opinion
AuditorKNUEVEN, SCHROEDER AND CO.
Plan history2
Yearassets · accounts · employer contribution
2020$9.0M · 97 accts · $145K emplr
2019$12.8M · 215 accts · $209K emplr
Administrative expenses, itemized · 2019
Recordkeeping & contract admin$51,901
Investment management$30,685
Total administrative$82,586
The Veoneer Brake Systems LLC 401(k) match · 2019
Employer contribution per active participant$1,153
Median for plans this size$1,489
2020$6,058 per active participant
2019$1,153 per active participant

Veoneer Brake Systems LLC's 2019 employer contribution ran below the $1,489 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 2019 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2020$79,025 · 0.73%
2019$82,586 · 0.69%
Similar plansManufacturing · Ohio
Upc Holdings III Corp. OH$13.1M · 0.40%
Fecon, LLC OH$13.0M · 0.00%
Cerco I, Inc. OH$12.8M · 0.16%
Plastic Suppliers, Inc. OH$12.8M · 0.14%
Takumi Stamping Inc. OH$12.7M · 1.05%
Iten Industries, Inc. OH$12.7M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475253747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.