Plan Ledger DOL Form 5500 · updated monthly

Vinyl Fanatic, LLC401(k)

VINYL FANATIC LLC 401(K) PLAN · LOUISVILLE, KY · plan year 2023

Reported admin expense ratio · 2023
0.82%

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

Vinyl Fanatic, LLC reported $4,458 in plan administrative expenses for 2023: 0.82% of average plan assets, below the peer median. Employer contributions averaged $550 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 1 year on file its reported administrative ratio fell from 0.97% to 0.82%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Kentucky (845th of 871), and 11,380th of 11,654 in professional & technical services. In 2023, employees put in $3.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$642,747
Participants with balances76
Active participants65
Employer contributions$35,728
Employee contributions$116,492
Employer contribution per active participant$550
Average account balance$8,457
Benefits paid to participants$50,477
Plan auditUnmodified (clean) audit opinion
AuditorMONROE SHINE & CO., INC.
Plan history2
Yearassets · accounts · employer contribution
2023$643K · 76 accts · $36K emplr
2022$442K · 113 accts · $42K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,458
Total administrative$4,458
The Vinyl Fanatic, LLC 401(k) match · 2023
Employer contribution per active participant$550
Median for plans this size$522
2023$550 per active participant
2022$590 per active participant

Vinyl Fanatic, LLC's 2023 employer contribution ran above the $522 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
CAPITAL GROUP RETIREMENT PLAN SERV$4,458

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

Administrative cost history2
2023$4,458 · 0.82%
2022$4,230 · 0.97%
Similar plansProfessional & Technical Services · Kentucky
Tickmark, Inc. FL$651K · 1.51%
Med USA, LLC UT$649K · 0.56%
Whiterabbit CA$645K · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812974823 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.