Plan Ledger DOL Form 5500 · updated monthly

Vinco, Inc.401(k)

VINCO, INC. EMPLOYEES' 401(K) PLAN · FOREST LAKE, MN · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Vinco, Inc. reported $73,151 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $5,011 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 0.12% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Minnesota (973rd of 1,918), and the 2,205th of 5,337 in construction. In 2024, the employer put in $1.10 for every $1.00 employees contributed themselves; active participation has shrunk from 263 to 231 since 2022.

Plan summary
Net assets, end of year$17,677,077
Participants with balances276
Active participants231
Employer contributions$1,157,497
Employee contributions$1,048,771
Employer contribution per active participant$5,011
Average account balance$64,047
Benefits paid to participants$1,587,812
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.7M · 276 accts · $1.2M emplr
2023$15.0M · 290 accts · $1.1M emplr
2022$11.6M · 208 accts · $649K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,151
Total administrative$73,151
The Vinco, Inc. 401(k) match · 2024
Employer contribution per active participant$5,011
Median for plans this size$2,416
2024$5,011 per active participant
2023$4,272 per active participant
2022$2,468 per active participant

Vinco, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20244
TAX SHELTERED COMPENSATION, INC. · Recordkeeping · Loan processing$14,908
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$6,203
BOYUM BARENSCHEER · Accounting / audit$13,750
MESIROW FINANCIAL, INC. · Investment advisory (plan)$3,276

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

Recordkeeper by year2
2024TAX SHELTERED COMPENSATION, INC., Transamerica
2023TAX SHELTERED COMPENSATION, INC., Transamerica

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Administrative cost history3
2024$73,151 · 0.45%
2023$28,067 · 0.21%
2022$15,497 · 0.12%
Similar plansConstruction · Minnesota
Bituminous Paving, Inc. MN$20.5M · 0.23%
Anderson Group, Inc. MN$19.4M · 0.20%
Northern Air Corporation MN$16.9M · 0.47%
Gowan Construction, Inc. MN$16.8M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411874693 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.