Plan Ledger DOL Form 5500 · updated monthly

Visual Edge Technology, Inc.401(k)

VISUAL EDGE TECHNOLOGY, INC. 401(K) SAVINGS AND RETIREMENT PLAN · NORTH CANTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Visual Edge Technology, Inc. reported $265,364 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,500 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 3 years on file its reported administrative ratio has held roughly steady near 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 696th-largest of 3,295 plans among Ohio employers on file, and the 885th of 4,246 in wholesale trade. In 2024, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,470,629
Participants with balances1,063
Active participants1,039
Employer contributions$2,597,535
Employee contributions$4,418,133
Employer contribution per active participant$2,500
Average account balance$43,716
Benefits paid to participants$4,704,375
Plan auditUnmodified (clean) audit opinion
AuditorD'AMICO WAWRIN & COMPANY CPAS,
Plan history3
Yearassets · accounts · employer contribution
2024$46.5M · 1,063 accts · $2.6M emplr
2023$39.2M · 1,062 accts · $2.5M emplr
2022$31.0M · 965 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$147,549
Investment management$111,515
Total administrative$265,364
The Visual Edge Technology, Inc. 401(k) match · 2024
Employer contribution per active participant$2,500
Median for plans this size$2,416
2024$2,500 per active participant
2023$2,342 per active participant
2022$2,159 per active participant

Visual Edge Technology, 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 · 20244
IFP ADVISORS INC DBA INDEPENDENT FI · Investment advisory (plan)$65,000
EMPOWER ADVISORY GROUP, LLC · Investment management$46,515
D'AMICO WAWRIN & COMPANY CPAS LLC$6,300

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$265,364 · 0.62%
2023$245,816 · 0.70%
2022$201,162 · 0.61%
Same employer
Similar plansWholesale Trade · Ohio
St International, Inc. OH$48.5M · 0.20%
Towlift, Inc. OH$46.9M · 0.32%
Wolff Bros. Supply, Inc. OH$45.4M · 0.19%
Truland Equipment, LLC OH$44.7M · 0.48%
Famous Enterprises, Inc. OH$44.6M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942991858 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.