Employers › Visual Lease
Recordkeeping fees per participant · Visual Lease, LLC 401(k) Plan · plan year 2024
$31.03
Higher than 27% of the 14,075 plans $10 to 50M that report it.
= $6,579 / 212
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250923050406NAL0002432915001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923050406NAL0002432915001, received 2025-09-23
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-23.
Administrative expenses excluding investment management, per participant
$31.03
Higher than 19% of the 24,371 plans $10 to 50M that report it.
= $6,579 / 212
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250923050406NAL0002432915001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923050406NAL0002432915001, received 2025-09-23
Administrative expenses per participant
$209.81
Higher than 53% of the 25,098 plans $10 to 50M that report it.
= $44,479 / 212
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250923050406NAL0002432915001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923050406NAL0002432915001, received 2025-09-23
Administrative expenses as a share of assets
0.227%
Higher than 39% of the 25,132 plans $10 to 50M that report it.
= $44,479 / $19,623,617
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250923050406NAL0002432915001, received 2025-09-23
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250923050406NAL0002432915001, received 2025-09-23
Employer contributions per participant
$3,560
Higher than 81% of the 24,050 plans $10 to 50M that report it.
= $754,722 / 212
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250923050406NAL0002432915001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923050406NAL0002432915001, received 2025-09-23
Employer share of total contributions
31.5%
Higher than 63% of the 24,084 plans $10 to 50M that report it.
= $754,722 / $2,398,460
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250923050406NAL0002432915001, received 2025-09-23
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250923050406NAL0002432915001, received 2025-09-23
Plan terms are not published in public filings.
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250923050406NAL0002432915001, received 2025-09-23
| Field | Value | Source |
|---|---|---|
| Plan sponsor | VISUAL LEASE, LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Plan name | VISUAL LEASE, LLC 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Sponsor EIN / plan number | 22-3468118 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Sponsor location | WOODBRIDGE, NJ | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Industry (business code) | 511210, Information | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Filing received | 2025-09-23 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Participants, beginning of year | 299 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Active participants | 7 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Participants, end of year | 217 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Participants with an account balance | 212 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Total assets, beginning of year | $17,174,722 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Total assets, end of year | $19,623,617 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Net assets, end of year | $19,623,617 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Total income | $4,482,029 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Net income | $2,448,895 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Employer contributions | $754,722 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Participant contributions | $1,643,738 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Total contributions | $2,398,460 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Benefit payments | $1,984,447 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Total expenses (incl. benefit payments) | $2,033,134 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Total administrative expenses | $44,479 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Recordkeeping fees | $6,579 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Investment advisory and management fees | $37,900 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Administrative expenses excluding investment management | $6,579 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Held in common/collective trusts | $1,862,909 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Held in mutual funds | $17,722,464 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250923050406NAL0002432915001, received 2025-09-23 |
| Independent auditor | CARON & BLETZER PLLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250923050406NAL0002432915001, received 2025-09-23 |
Position = column in the DOL layout for form year 2024. Filing 20250923050406NAL0002432915001, received 2025-09-23.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES, INC.recordkeeper | INVESTMENT/FINANCIAL ADVI | 15 Recordkeeping and information management; 17 Consulting (pension); 50 Direct payment from the plan; 64 Recordkeeping fees; 70 Consulting fees; 21 Trustee (bank, trust company or similar); 49 Other services; 99 Other fees | $37,900 | no |
| ADP, INC.recordkeeper | RECORD KEEPER | 37 Participant loan processing; 50 Direct payment from the plan; 15 Recordkeeping and information management; 64 Recordkeeping fees | $6,620 | yes |
| ADP BROKER-DEALERrecordkeeper | RECORD KEEPER | 49 Other services; 99 Other fees; 63 Distribution (12b-1) fees; 60 Sub-transfer agency fees; 59 Shareholder servicing fees | $0 | yes |
| MESIROW FINANCIAL INVESTMENT MANAGE | INVESTMENT/FINANCIAL ADVI | 37 Participant loan processing; 50 Direct payment from the plan | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250923050406NAL0002432915001, received 2025-09-23.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $17,174,722 | $19,623,617 | 14.3% |
| Participants with a balance | 294 | 212 | -27.9% |
| Administrative expenses | $32,318 | $44,479 | 37.6% |
| Recordkeeping fees per participant | $9.47 | $31.03 | 227.6% |
| Employer contributions | $892,470 | $754,722 | -15.4% |
Prior filing 20240726051402NAL0025819504001, received 2024-07-26; the plan years are contiguous.
Sponsor name as filed: VISUAL LEASE, LLC; SEC registrant: Visual Lease, LLC (CIK 1738447, matched by EIN).