Plan Ledger DOL Form 5500 · updated monthly

Vitaquest International LLC401(k)

VITAQUEST INTERNATIONAL LLC 401(K) SAVINGS PLAN · WEST CALDWELL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Vitaquest International LLC reported $235,539 in plan administrative expenses for 2024: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,530 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 0.37%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 487th-largest of 2,419 plans among New Jersey employers on file, and the 2,578th of 13,661 in manufacturing. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 558 to 627 since 2022.

Plan summary
Net assets, end of year$65,812,141
Participants with balances828
Active participants627
Employer contributions$1,586,506
Employee contributions$3,006,378
Employer contribution per active participant$2,530
Average account balance$79,483
Benefits paid to participants$6,564,204
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$65.8M · 828 accts · $1.6M emplr
2023$61.5M · 765 accts · $1.7M emplr
2022$57.0M · 779 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$211,602
Investment management$3,805
Audit (IQPA)$20,132
Total administrative$235,539
The Vitaquest International LLC 401(k) match · 2024
Employer contribution per active participant$2,530
Median for plans this size$3,635
2024$2,530 per active participant
2023$3,030 per active participant
2022$2,605 per active participant

Vitaquest International LLC's 2024 employer contribution ran below the $3,635 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
FORVIS MAZARS, LLP · Accounting / audit$20,132
PRIME PENSIONS, INC. · Contract administrator$14,425
EMPOWER ADVISORY GROUP · Investment management$3,805

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$235,539 · 0.37%
2023$4,658 · 0.01%
2022$22,960 · 0.04%
Same employer
Similar plansManufacturing · New Jersey
Freshpet, Inc. NJ$66.4M · 0.43%
Hamamatsu Corporation NJ$65.9M · 0.49%
Richards Manufacturing Co. NJ$65.1M · 0.01%
Elkem Silicones USA Corp. NJ$61.5M · 0.18%
Kedrion Biopharma, Inc. NJ$61.3M · 0.34%
Pmc Group N.A., Inc. NJ$59.8M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202319461 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.