Plan Ledger DOL Form 5500 · updated monthly

Virtex Enterprises LP401(k)

VIRTEX ENTERPRISES 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Virtex Enterprises LP reported $128,453 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,506 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 0.30% to 0.49%. 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 1,688th-largest of 5,688 plans among Texas employers on file, and the 4,933rd of 13,661 in manufacturing. In 2024, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,376,470
Participants with balances496
Active participants576
Employer contributions$867,665
Employee contributions$1,895,652
Employer contribution per active participant$1,506
Average account balance$53,178
Benefits paid to participants$5,039,603
Plan auditUnmodified (clean) audit opinion
AuditorRYAN + MANN LLC
Plan history3
Yearassets · accounts · employer contribution
2024$26.4M · 496 accts · $868K emplr
2023$25.9M · 546 accts · $825K emplr
2022$23.6M · 555 accts · $919K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$128,453
Total administrative$128,453
The Virtex Enterprises LP 401(k) match · 2024
Employer contribution per active participant$1,506
Median for plans this size$2,416
2024$1,506 per active participant
2023$1,915 per active participant
2022$1,477 per active participant

Virtex Enterprises LP'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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$57,573
NOVA 401(K) ASSOCIATES LP · Recordkeeping · Loan processing$12,865
NAVIGATE 401K LLC · Investment advisory (plan)$58,016

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

Recordkeeper by year2
2024NOVA 401(K) ASSOCIATES LP, Transamerica
2023NOVA 401(K) ASSOCIATES LP, Transamerica

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Administrative cost history3
2024$128,453 · 0.49%
2023$93,599 · 0.38%
2022$80,268 · 0.30%
Same employer
Similar plansManufacturing · Texas
Ternium USA, Inc TX$27.4M · 0.02%
H & K International, Inc. TX$27.0M · 0.41%
Continental Carbon Company TX$26.3M · 0.22%
First Co. TX$25.8M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208728981 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.