Plan Ledger DOL Form 5500 · updated monthly

Wireless Vision, LLC401(k)

WIRELESS VISION, LLC 401(K) PLAN · BLOOMFIELD HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Wireless Vision, LLC reported $91,163 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $176 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 fell from 0.98% to 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (1,314th of 2,619), and the 2,050th of 5,215 in retail trade. In 2024, employees put in $4.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,681,967
Participants with balances513
Active participants2,083
Employer contributions$365,975
Employee contributions$1,526,876
Employer contribution per active participant$176
Average account balance$26,671
Benefits paid to participants$2,583,264
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 513 accts · $366K emplr
2023$12.8M · 504 accts · $527K emplr
2022$12.4M · 647 accts · $797K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,163
Total administrative$91,163
The Wireless Vision, LLC 401(k) match · 2024
Employer contribution per active participant$176
Median for plans this size$2,416
2024$176 per active participant
2023$317 per active participant
2022$370 per active participant

Wireless Vision, LLC'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$91,162
CADARET GRANT & CO INC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · 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$91,163 · 0.69%
2023$95,076 · 0.75%
2022$133,346 · 0.98%
Similar plansRetail Trade · Michigan
Air Lift Company MI$15.0M · 0.52%
Weller Auto Parts, Inc. MI$14.0M · 0.58%
Blarney Castle Oil Co. MI$12.5M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050612773 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.