Plan Ledger DOL Form 5500 · updated monthly

Vestas America Holding, Inc.401(k)

VESTAS AMERICA HOLDING, INC. 401(K) PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Vestas America Holding, Inc. reported $325,621 in plan administrative expenses for 2024: 0.09% of average plan assets, above the peer median. Employer contributions averaged $3,814 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 fell from 0.12% to 0.09%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 27th-largest of 1,021 plans among Oregon employers on file, and the 703rd of 13,661 in manufacturing. In 2024, employees put in $1.53 for every $1.00 the employer contributed; active participation has grown from 3,080 to 4,895 since 2022.

Plan summary
Net assets, end of year$380,696,391
Participants with balances6,632
Active participants4,895
Employer contributions$18,671,141
Employee contributions$28,577,330
Employer contribution per active participant$3,814
Average account balance$57,403
Benefits paid to participants$29,664,739
Plan auditUnmodified (clean) audit opinion
AuditorPERKINS & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$380.7M · 6,632 accts · $18.7M emplr
2023$311.9M · 5,376 accts · $14.1M emplr
2022$246.3M · 4,931 accts · $12.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$269,555
Total administrative$325,621
The Vestas America Holding, Inc. 401(k) match · 2024
Employer contribution per active participant$3,814
Median for plans this size$4,294
2024$3,814 per active participant
2023$3,799 per active participant
2022$4,085 per active participant

Vestas America Holding, Inc.'s 2024 employer contribution ran below the $4,294 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
T ROWE PRICE RPS INC · Recordkeeping · Trustee$269,555
MERCER · Consulting$54,469

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$325,621 · 0.09%
2023$279,642 · 0.10%
2022$320,733 · 0.12%
Same employer
Similar plansManufacturing · Oregon
Precision Castparts Corp. OR$2.5B · 0.05%
Qorvo US, Inc. OR$1.2B · 0.02%
Adidas America, Inc. OR$956.2M · 0.05%
Hampton Resources, Inc. OR$313.9M · 0.06%
Detroit Diesel Corporation OR$303.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271561927 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.