Plan Ledger DOL Form 5500 · updated monthly

Viam Manufacturing, Inc.401(k)

VIAM 401(K) RETIREMENT PLAN · MANCHESTER, TN · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Viam Manufacturing, Inc. reported $75,506 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,402 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 0.44% to 0.47%. 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 the 618th-largest of 1,496 plans among Tennessee employers on file, and the 6,565th of 13,661 in manufacturing. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,025,604
Participants with balances184
Active participants258
Employer contributions$361,765
Employee contributions$683,623
Employer contribution per active participant$1,402
Average account balance$92,530
Benefits paid to participants$638,939
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$17.0M · 184 accts · $362K emplr
2023$14.8M · 190 accts · $355K emplr
2022$13.7M · 219 accts · $406K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,030
Investment management$30,476
Total administrative$75,506
The Viam Manufacturing, Inc. 401(k) match · 2024
Employer contribution per active participant$1,402
Median for plans this size$2,416
2024$1,402 per active participant
2023$1,370 per active participant
2022$1,573 per active participant

Viam Manufacturing, Inc.'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 · 20242
MG TRUST COMPANY DBA MATRIX TRUST C · Recordkeeping · Consulting$45,030
RBC WEALTH MANAGEMENT · Investment advisory (participants)$30,476

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

Recordkeeper by year2
2024MG TRUST COMPANY DBA MATRIX TRUST C
2023MG TRUST COMPANY DBA MATRIX TRUST C

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Administrative cost history3
2024$75,506 · 0.47%
2023$73,000 · 0.51%
2022$71,707 · 0.44%
Similar plansManufacturing · Tennessee
Rough Country, LLC TN$18.2M · 0.74%
Fillauer Companies, Inc. TN$18.0M · 0.42%
Neotiss, Inc. TN$17.7M · 0.00%
Mueller Streamline Company TN$17.7M · 0.27%
Schmiede Corporation TN$16.6M · 0.00%
Sanderson Pipe Corporation TN$16.2M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953846442 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.