Plan Ledger DOL Form 5500 · updated monthly

Vitalsource Technologies LLC401(k)

VITALSOURCE TECHNOLOGIES LLC 401(K) PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Vitalsource Technologies LLC reported $6,888 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,299 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 0.01% to 0.02%. 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 395th-largest of 2,005 plans among North Carolina employers on file, and the 2,914th of 11,654 in professional & technical services. In 2024, employees put in $1.77 for every $1.00 the employer contributed; active participation has grown from 311 to 372 since 2022.

Plan summary
Net assets, end of year$46,722,524
Participants with balances409
Active participants372
Employer contributions$2,343,137
Employee contributions$4,145,509
Employer contribution per active participant$6,299
Average account balance$114,236
Benefits paid to participants$1,684,315
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$46.7M · 409 accts · $2.3M emplr
2023$35.3M · 422 accts · $2.2M emplr
2022$22.4M · 332 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,888
Total administrative$6,888
The Vitalsource Technologies LLC 401(k) match · 2024
Employer contribution per active participant$6,299
Median for plans this size$2,416
2024$6,299 per active participant
2023$5,719 per active participant
2022$5,735 per active participant

Vitalsource Technologies LLC'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
ADP, INC. · Loan processing · Recordkeeping$6,888

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$6,888 · 0.02%
2023$4,455 · 0.02%
2022$3,071 · 0.01%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Johnson Lambert LLP NC$50.1M · 0.05%
Phreesia, Inc. NC$49.9M · 0.16%
Apex Analytix LLC NC$44.8M · 0.20%
Csco NC$44.1M · 0.15%
Corvid Holdings, Inc. NC$44.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742719099 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.