Vicor Corporation 401(k) Review & Grade
Vicor Corporation 401k Plan
Andover, MAManufacturing942 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,309Employer $ per active participant
$9,530Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$186.4MNet plan assets, end of year
$158,201Average balance per account
Score breakdown
- Employer generosity24.9 / 5050th percentile for employer $ per participant
- Low cost16.2 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 65th |
| Employee saving | 88th |
| Peers that auto-enroll | 59% |
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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
- Vicor put in about $2,309 per active participant, below the typical peer ($2,320). 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 | $2,175,231 |
| Participant (employee) contributions | $8,977,110 |
| Other contributions (incl. rollovers in) | $1,137,364 |
| Administrative expenses paid from the plan | $253,722 |
| Contract administrator fees | $46,063 |
| Investment advisory & management fees | $65,000 |
| Other admin expenses | −$48,475 |
| Benefits paid out | $19,011,880 |
| Net assets, start / end of year | $173.8M / $186.4M |
| Active participants, start / end of year | 943 / 941 |
| Participants with account balances | 1,178 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $209,089 reported compensation |
| Mma Securities LLC | $65,000 reported compensation |
| Cbiz Cpas P.C. | $30,188 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903095149NAL0025800704001, received 2025-09-03, EIN 04-2742817, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.