Plan Ledger DOL Form 5500 · updated monthly

Visual Marking Systems, Inc.401(k)

VISUAL MARKING SYSTEMS, INC. 401(K) RETIREMENT PLAN · TWINSBURG, OH · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Visual Marking Systems, Inc. reported $33,729 in plan administrative expenses for 2024: 0.78% of average plan assets, above the peer median. Employer contributions averaged $420 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 0.74% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,617th of 3,295), and 11,491st of 13,661 in manufacturing. In 2024, employees put in $7.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,464,408
Participants with balances131
Active participants118
Employer contributions$49,501
Employee contributions$354,542
Employer contribution per active participant$420
Average account balance$34,079
Benefits paid to participants$663,772
Plan auditUnmodified (clean) audit opinion
AuditorEIDE BAILEY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.5M · 131 accts · $50K emplr
2023$4.2M · 133 accts · $51K emplr
2022$3.6M · 128 accts · $46K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,170
Investment management$11,615
Total administrative$33,729
The Visual Marking Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$420
Median for plans this size$1,313
2024$420 per active participant
2023$399 per active participant
2022$370 per active participant

Visual Marking Systems, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20243
SYMPHONY FINANCIAL SERVICES INC · Investment advisory (plan)$11,615
USI ADVISORS INC$2,944

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$33,729 · 0.78%
2023$27,280 · 0.70%
2022$30,096 · 0.74%
Similar plansManufacturing · Ohio
Kuhns Mold & Tool Co Inc OH$4.6M · 0.36%
Panel-Fab, Inc. OH$4.5M · 0.27%
Verhoff Machine & Welding OH$4.3M · 1.33%
Hynes Industries, Inc. OH$4.3M · 0.35%
Polymer Packaging, Inc. OH$4.2M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341380098 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.