Vertin Company 401(k) Review & Grade
Vertin Company 401(k) Profit Sharing Plan
Breckenridge, NDOther Services632 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$715Employer $ per active participant
$2,040Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$24.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.2 / 5034th percentile for employer $ per participant
- Low cost8.1 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 33th |
| Employee saving | 41th |
| Peers that auto-enroll | 40% |
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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
- Vertin put in about $715 per active participant, below the typical peer ($1,257). 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.
- Direct plan expenses (0.38% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $451,593 |
| Participant (employee) contributions | $1,288,048 |
| Other contributions (incl. rollovers in) | $425,484 |
| Administrative expenses paid from the plan | $83,628 |
| Investment advisory & management fees | $42,012 |
| Other admin expenses | $6,300 |
| Benefits paid out | $1,588,811 |
| Net assets, start / end of year | $20.3M / $24.1M |
| Active participants, start / end of year | 585 / 678 |
| Participants with account balances | 249 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Michael L Anderson & Associates |
Largest service providers (Schedule C)
| Edward Jones | $42,012 reported compensation |
| Capital Group Retirement Plan Svcs. | $35,316 reported compensation |
| Michael L Anderson & Associates PLL | $6,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009162332NAL0006903729001, received 2025-10-09, EIN 41-1404354, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.