Vermeer Corporation 401(k) Review & Grade
Vermeer Corporation 401(k) Retirement Plan
Pella, IAManufacturing4,110 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,163Employer $ per active participant
$6,981Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$498.8MNet plan assets, end of year
$93,005Average balance per account
Score breakdown
- Employer generosity15.4 / 5031th percentile for employer $ per participant
- Low cost10.4 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 41th |
| Employee saving | 60th |
| Peers that auto-enroll | 70% |
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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
- Vermeer put in about $2,163 per active participant, below the typical peer ($3,452). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $8,889,710 |
| Participant (employee) contributions | $28,695,228 |
| Other contributions (incl. rollovers in) | $2,316,368 |
| Administrative expenses paid from the plan | $760,239 |
| Investment advisory & management fees | $332,254 |
| Benefits paid out | $41,808,621 |
| Net assets, start / end of year | $448.4M / $498.8M |
| Active participants, start / end of year | 4,118 / 4,103 |
| Participants with account balances | 5,363 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly, LLP |
Largest service providers (Schedule C)
| MG Trust Company DBA Matrix Trust C | $605,890 reported compensation |
| Oneamerica Retirement Services | $412,130 reported compensation |
| Intellicents Investmet Solutions in | $332,254 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008095438NAL0013415810001, received 2025-10-08, EIN 42-0663191, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.