Plan Ledger DOL Form 5500 · updated monthly

Vision Systems, Inc.401(k)

VISION SYSTEMS, INC. 401(K) RETIREMENT SAVINGS PLAN · SANTEE, CA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Vision Systems, Inc. reported $6,720 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,969 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 0.05%. 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 the 4,515th-largest of 9,483 plans among California employers on file, and the 2,555th of 5,337 in construction. In 2024, employees put in $2.73 for every $1.00 the employer contributed; active participation has shrunk from 182 to 103 since 2022.

Plan summary
Net assets, end of year$14,224,726
Participants with balances92
Active participants103
Employer contributions$305,855
Employee contributions$833,832
Employer contribution per active participant$2,969
Average account balance$154,617
Benefits paid to participants$1,876,113
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 92 accts · $306K emplr
2023$13.4M · 101 accts · $265K emplr
2022$12.4M · 99 accts · $250K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,325
Investment management$3,395
Total administrative$6,720
The Vision Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$2,969
Median for plans this size$2,416
2024$2,969 per active participant
2023$1,390 per active participant
2022$1,373 per active participant

Vision Systems, Inc.'s 2024 employer contribution ran above 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$3,385

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$6,720 · 0.05%
2023$5,384 · 0.04%
2022$5,982 · 0.04%
Same employer
Similar plansConstruction · California
Crew, Inc. CA$14.4M · 0.50%
Arrow Drillers, Inc. CA$14.3M · 0.49%
Johnstone Moyer, Inc. CA$14.3M · 0.41%
Anvil Builders, Inc. CA$14.2M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330016550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.