Vaughn Industries, LLC 401(k) Review & Grade
Vaughn Industries, LLC 401k Profit Sharing Plan
Carey, OHConstruction738 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,383Employer $ per active participant
$5,968Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$87.5MNet plan assets, end of year
$99,737Average balance per account
Score breakdown
- Employer generosity47.3 / 5095th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 43th |
| Employee saving | 75th |
| Peers that auto-enroll | 44% |
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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
- Vaughn Industries put in about $7,383 per active participant, more than the typical peer ($1,672). 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 | $5,448,546 |
| Participant (employee) contributions | $4,404,210 |
| Other contributions (incl. rollovers in) | $125,415 |
| Administrative expenses paid from the plan | $227,788 |
| Contract administrator fees | $207,414 |
| Other admin expenses | $20,374 |
| Benefits paid out | $7,219,512 |
| Net assets, start / end of year | $74.5M / $87.5M |
| Active participants, start / end of year | 703 / 773 |
| Participants with account balances | 877 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | BHM CPA Group, Inc. |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $214,379 reported compensation |
| Commonwealth Equity Services | $89,363 reported compensation |
| BHM CPA Group, Inc | $13,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250807092358NAL0003592611001, received 2025-08-07, EIN 36-4381623, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.