Plan Ledger DOL Form 5500 · updated monthly

Virtual Incorporated401(k)

VIRTUAL INCORPORATED 401(K) PLAN · WAKEFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Virtual Incorporated reported $41,874 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,355 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 0.34% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Massachusetts (1,677th of 2,726), and the 862nd of 2,534 in administrative & support services. In 2024, employees put in $5.10 for every $1.00 the employer contributed; active participation has shrunk from 180 to 160 since 2022.

Plan summary
Net assets, end of year$12,729,777
Participants with balances221
Active participants160
Employer contributions$216,814
Employee contributions$1,106,302
Employer contribution per active participant$1,355
Average account balance$57,601
Benefits paid to participants$682,761
Plan auditUnmodified (clean) audit opinion
AuditorTONNESONANDCOMPANY
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$12.7M · 221 accts · $217K emplr
2023$10.6M · 231 accts · $285K emplr
2022$8.3M · 215 accts · $247K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,854
Investment management$25,020
Total administrative$41,874
The Virtual Incorporated 401(k) match · 2024
Employer contribution per active participant$1,355
Median for plans this size$2,416
2024$1,355 per active participant
2023$1,638 per active participant
2022$1,374 per active participant

Virtual Incorporated'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
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$22,080
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$16,854

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

Administrative cost history4
2025Not separately reported
2024$41,874 · 0.36%
2023$35,975 · 0.38%
2022$28,960 · 0.34%
Same employer
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Foley Holdings, LLC MA$13.5M · 1.01%
Simspace Corporation MA$13.0M · 0.06%
Intelycare, Inc. MA$12.4M · 0.73%
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Source: U.S. Department of Labor, Form 5500 series, EIN 043481758 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.