Classic Residence MGT LP DBA Vi 401(k) Review & Grade
Vi Retirement Plan
Chicago, ILHealth Care & Social Assistance2,996 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,921Employer $ per active participant
$3,635Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$161.9MNet plan assets, end of year
$72,288Average balance per account
Score breakdown
- Employer generosity34.2 / 5068th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 44th |
| Employee saving | 59th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Classic Residence MGT LP DBA Vi put in about $1,921 per active participant, more than the typical peer ($800). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $5,754,487 |
| Participant (employee) contributions | $10,891,672 |
| Other contributions (incl. rollovers in) | $1,081,644 |
| Administrative expenses paid from the plan | $220,278 |
| Contract administrator fees | $185,302 |
| Investment advisory & management fees | $34,976 |
| Benefits paid out | $15,434,774 |
| Net assets, start / end of year | $140.7M / $161.9M |
| Active participants, start / end of year | 2,906 / 3,086 |
| Participants with account balances | 2,240 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $209,226 reported compensation |
| Capfinancial Partners, L | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014081149NAL0003350032001, received 2025-10-14, EIN 36-3558465, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.