Plan Ledger DOL Form 5500 · updated monthly

Visionet Systems Inc401(k)

VISIONET SYSTEMS INC 401(K) PROFIT SHARING PLAN & TRUST · CRANBURY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Visionet Systems Inc reported $107,456 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,311 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 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,024th-largest of 2,419 plans among New Jersey employers on file, and the 5,244th of 11,654 in professional & technical services. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has shrunk from 298 to 264 since 2022.

Plan summary
Net assets, end of year$21,735,294
Participants with balances314
Active participants264
Employer contributions$1,138,210
Employee contributions$2,149,889
Employer contribution per active participant$4,311
Average account balance$69,221
Benefits paid to participants$692,514
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.7M · 314 accts · $1.1M emplr
2023$16.4M · 294 accts · $979K emplr
2022$11.3M · 275 accts · $857K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,475
Investment management$71,121
Trustee / custodial$860
Total administrative$107,456
The Visionet Systems Inc 401(k) match · 2024
Employer contribution per active participant$4,311
Median for plans this size$2,416
2024$4,311 per active participant
2023$3,737 per active participant
2022$2,876 per active participant

Visionet Systems Inc's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
PAYCHEX, INC. · Recordkeeping$35,735
EQUITABLE ADVISORS, LLC · Investment advisory (participants)$71,121

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

Recordkeeper by year2
2024Paychex
2023EQUITABLE ADVISORS, LLC, Paychex

This plan has changed recordkeepers within these filings. If you left Visionet Systems Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$107,456 · 0.56%
2023$63,047 · 0.46%
2022$4,943 · 0.04%
Same employer
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Pashman & Stein, PC NJ$22.5M · 0.11%
National Microrentals, Inc NJ$22.5M · 0.12%
Lg Cns America Inc NJ$22.4M · 0.02%
Coyne Public Relations NJ$22.2M · 0.03%
Specialty Systems Inc. NJ$21.4M · 0.03%
Midea America Corporation NJ$21.1M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222921566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.