Plan Ledger DOL Form 5500 · updated monthly

Vuteq USA, Inc.401(k)

VUTEQ CORPORATION RETIREMENT READINESS 401(K) PLAN · GEORGETOWN, KY · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Vuteq USA, Inc. reported $72,418 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,067 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 0.13% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 247th-largest of 871 plans among Kentucky employers on file, and the 5,095th of 13,661 in manufacturing. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has grown from 669 to 849 since 2022.

Plan summary
Net assets, end of year$25,168,925
Participants with balances727
Active participants849
Employer contributions$905,606
Employee contributions$1,520,237
Employer contribution per active participant$1,067
Average account balance$34,620
Benefits paid to participants$2,190,126
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.2M · 727 accts · $906K emplr
2023$22.0M · 691 accts · $770K emplr
2022$18.9M · 664 accts · $739K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,418
Total administrative$72,418
The Vuteq USA, Inc. 401(k) match · 2024
Employer contribution per active participant$1,067
Median for plans this size$2,416
2024$1,067 per active participant
2023$1,060 per active participant
2022$1,105 per active participant

Vuteq USA, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
RETIREMENT PLAN CONCEPTS & SERVICES · Other servicesindirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp

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$72,418 · 0.31%
2023$27,454 · 0.13%
2022$27,149 · 0.13%
Same employer
Similar plansManufacturing · Kentucky
Mpd, Inc. KY$26.5M
Post Glover Resistors, Inc. KY$26.3M · 0.37%
Panariagroup USA, Inc. KY$26.3M · 0.15%
Topy America, Inc. KY$25.4M · 0.07%
The Williamson Group, Inc. KY$24.1M · 0.39%
Papercone Corporation KY$23.5M · 0.03%
Four Roses Distillery LLC KY$22.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611119251 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.