Plan Snapshot
- Plan Sponsor: Visual Marking Systems, INC.
- Sponsor EIN: 341380098
- Sponsor Address: 2097 E AURORA ROAD, TWINSBURG, OH, 44087
- Plan Type: 401(k)
- Total Participants: 118
- Total Assets: $4.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 118 | $4.5M | $49,501 | $354,542 |
| 2023 | 129 | $4.2M | $51,451 | $369,028 |
| 2022 | 124 | $3.6M | $45,929 | $343,447 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $19,852 | — | $19,852 |
| SYMPHONY FINANCIAL SERVICES INC | Investment Advisor | $11,615 | — | $11,615 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,467
- Estimated Expense Ratio: 0.705% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $33,729 | $11,615 | — | — | — |
| 2023 | $27,280 | $12,873 | — | — | — |
| 2022 | $30,096 | $14,420 | $15,676 | — | — |