Plan Ledger DOL Form 5500 · updated monthly

Voxx International Corporation401(k)

VOXX INTERNATIONAL CORPORATION PROFIT SHARING AND 401(K) PLAN · HAUPPAUGE, NY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Voxx International Corporation reported $199,290 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,406 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 0.27% to 0.29%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,064th-largest of 5,648 plans among New York employers on file, and the 593rd of 4,246 in wholesale trade. In 2024, employees put in $5.10 for every $1.00 the employer contributed; active participation has shrunk from 545 to 397 since 2022.

Plan summary
Net assets, end of year$70,175,607
Participants with balances622
Active participants397
Employer contributions$558,175
Employee contributions$2,848,920
Employer contribution per active participant$1,406
Average account balance$112,823
Benefits paid to participants$9,475,522
Plan auditUnmodified (clean) audit opinion
AuditorCORNICK, GARBER & SANDLER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$70.2M · 622 accts · $558K emplr
2023$66.1M · 656 accts · $613K emplr
2022$59.4M · 759 accts · $689K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,021
Investment management$100,269
Audit (IQPA)$42,000
Total administrative$199,290
The Voxx International Corporation 401(k) match · 2024
Employer contribution per active participant$1,406
Median for plans this size$3,635
2024$1,406 per active participant
2023$1,392 per active participant
2022$1,264 per active participant

Voxx International Corporation's 2024 employer contribution ran below the $3,635 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 · 20244
MORGAN STANLEY · Investment advisory (plan)$90,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$57,021
CORNICK, GARBER & SANDLER · Accounting / audit$42,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$10,269

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$199,290 · 0.29%
2023$162,038 · 0.26%
2022$174,844 · 0.27%
Same employer
Similar plansWholesale Trade · New York
P. Kaufmann, Inc. NY$76.1M · 0.27%
Remy Cointreau USA Inc. NY$73.8M · 0.22%
Laerdal Medical Corporation NY$69.8M · 0.26%
Kobrand Corporation NY$67.2M · 0.05%
Randa Corp NY$67.1M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131964841 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.