Plan Ledger DOL Form 5500 · updated monthly

Vesco Material Handling Equipment Inc401(k)

ATLANTIC COAST TOYOTALIFT 401K RETIREMENT PLAN · WINSTON-SALEM, NC · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

Vesco Material Handling Equipment Inc reported $58,579 in plan administrative expenses for 2024: 0.81% of average plan assets, above the peer median. Employer contributions averaged $1,456 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 0.71% to 0.81%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in North Carolina (1,245th of 2,005), and 3,228th of 4,246 in wholesale trade. In 2024, employees put in $3.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,916,318
Participants with balances185
Active participants145
Employer contributions$211,133
Employee contributions$641,068
Employer contribution per active participant$1,456
Average account balance$42,791
Benefits paid to participants$499,482
Plan auditUnmodified (clean) audit opinion
AuditorARROWOOD & ASSOCIATES, PA
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 185 accts · $211K emplr
2023$6.6M · 191 accts · $208K emplr
2022$5.4M · 168 accts · $160K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,579
Total administrative$58,579
The Vesco Material Handling Equipment Inc 401(k) match · 2024
Employer contribution per active participant$1,456
Median for plans this size$1,313
2024$1,456 per active participant
2023$1,351 per active participant
2022$1,126 per active participant

Vesco Material Handling Equipment Inc's 2024 employer contribution ran above the $1,313 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
JOHN HANCOCK USA · Recordkeeping$3,322
MERRILL LYNCH · 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.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$58,579 · 0.81%
2023$43,736 · 0.73%
2022$40,485 · 0.71%
Same employer
Similar plansWholesale Trade · North Carolina
Long Beverage, Inc. NC$7.7M · 0.31%
Noble Oil Services Inc NC$7.6M · 0.33%
Blumenthal Holdings, LLC NC$7.2M · 0.38%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 560953898 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.