Visionworks of America, Inc. 401(k) Review & Grade
Visionworks of America, Inc. 401(k) Savings Plan
San Antonio, TXRetail Trade8,380 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$468Employer $ per active participant
$1,256Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$159.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.9 / 5036th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 51th |
| Employee saving | 31th |
| Peers that auto-enroll | 42% |
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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 ($3,656,355 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
- Visionworks of America put in about $468 per active participant, below the typical peer ($650). 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 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 | $3,922,748 |
| Participant (employee) contributions | $10,522,590 |
| Other contributions (incl. rollovers in) | $2,185,607 |
| Administrative expenses paid from the plan | $182,123 |
| Contract administrator fees | $34,304 |
| Investment advisory & management fees | $2,516 |
| Other admin expenses | $195 |
| Benefits paid out | $19,906,267 |
| Net assets, start / end of year | $146.6M / $159.2M |
| Active participants, start / end of year | 5,459 / 11,301 |
| Participants with account balances | 2,699 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $179,412 reported compensation |
| Sageview Advisory Group, LLC | $2,516 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014163213NAL0006810466001, received 2025-10-14, EIN 25-1801124, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.