Vinik Sports Group LLC 401(k) Review & Grade
Vinik Sports Group 401(k) Plan
Tampa, FLArts, Entertainment & Recreation584 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,525Employer $ per active participant
$6,461Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$35.7MNet plan assets, end of year
$63,484Average balance per account
Score breakdown
- Employer generosity43.1 / 5086th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 41th |
| Employee saving | 91th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($72,874 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Vinik Sports Group put in about $2,525 per active participant, more than the typical peer ($995). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,473,199 |
| Participant (employee) contributions | $3,770,212 |
| Other contributions (incl. rollovers in) | $242,806 |
| Administrative expenses paid from the plan | $93,570 |
| Investment advisory & management fees | $34,737 |
| Benefits paid out | $1,236,727 |
| Net assets, start / end of year | $27.9M / $35.7M |
| Active participants, start / end of year | 620 / 547 |
| Participants with account balances | 563 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $58,833 reported compensation |
| Ameriprise Financial Services | $34,737 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162000NAL0006742128001, received 2025-10-15, EIN 84-4470238, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.