VGM Group Inc 401(k) Review & Grade
VGM Group Inc 401(k) Profit Sharing Plan
Waterloo, IAOther Services1,506 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,353Employer $ per active participant
$3,408Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$127.1MNet plan assets, end of year
$73,829Average balance per account
Score breakdown
- Employer generosity26.4 / 5053th percentile for employer $ per participant
- Low cost12.9 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 52th |
| Employee saving | 62th |
| Peers that auto-enroll | 40% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $170,120 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- VGM Group put in about $1,353 per active participant, more than the typical peer ($1,257). 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.
- 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 | $2,036,742 |
| Participant (employee) contributions | $5,131,331 |
| Other contributions (incl. rollovers in) | $1,526,508 |
| Administrative expenses paid from the plan | $265,230 |
| Contract administrator fees | $265,230 |
| Benefits paid out | $14,574,248 |
| Net assets, start / end of year | $116.5M / $127.1M |
| Active participants, start / end of year | 1,491 / 1,520 |
| Participants with account balances | 1,722 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hogan-Hansen, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $265,230 reported compensation |
| Accel Wealth Management | $82,306 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007114939NAL0002436339001, received 2025-10-07, EIN 42-1280573, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.