Plan Ledger DOL Form 5500 · updated monthly

Virginia Marble Manufacturers, Inc401(k)

VIRGINIA MARBLE MANUFACTURERS 401(K) PROFIT SHARING PLAN · KENBRIDGE, VA · plan year 2023

Reported admin expense ratio · 2023
0.36%

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

Virginia Marble Manufacturers, Inc reported $21,027 in plan administrative expenses for 2023: 0.36% of average plan assets, below the peer median. Employer contributions averaged $765 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 0.04% to 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Virginia (1,712th of 2,266), and 10,487th of 13,661 in manufacturing. In 2023, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,387,595
Participants with balances122
Active participants143
Employer contributions$109,347
Employee contributions$219,627
Employer contribution per active participant$765
Average account balance$52,357
Benefits paid to participants$248,260
Plan auditUnmodified (clean) audit opinion
AuditorHARRIS, HARDY & JOHNSTONE, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 113 accts · $107K emplr
2023$6.4M · 122 accts · $109K emplr
2022$5.2M · 123 accts · $120K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,449
Investment management$19,578
Total administrative$21,027
The Virginia Marble Manufacturers, Inc 401(k) match · 2023
Employer contribution per active participant$765
Median for plans this size$1,308
2024$663 per active participant
2023$765 per active participant
2022$784 per active participant

Virginia Marble Manufacturers, Inc's 2023 employer contribution ran below the $1,308 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 · 20234
FIRST CITIZENS BANK AND TRUST CO · Investment advisory (plan)$19,516
EMPOWER ADVISORY GROUP, LLC · Investment management$62
FIRST CITIZENS INVESTOR SERVICES INindirect comp

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

Administrative cost history3
2024$37,925 · 0.70%
2023$21,027 · 0.36%
2022$2,660 · 0.04%
Same employer
Similar plansManufacturing · Virginia
B-Squared Medical, LLC VA$7.3M · 0.43%
Applied Felts, Inc. VA$7.1M · 1.00%
Tegra LLC VA$6.6M · 0.72%
Premiere Fibers, LLC VA$6.1M · 0.72%
Oak Hall Industries, LP VA$6.0M · 0.64%
Open Plan Systems VA$5.9M · 0.45%
Smith Midland Corporation VA$5.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540848845 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.