Vistra Operations Company LLC 401(k) Review & Grade
Vistra Thrift Plan
Irving, TXManagement of Companies5,792 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,948Employer $ per active participant
$10,558Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$2.4BNet plan assets, end of year
$239,410Average balance per account
Score breakdown
- Employer generosity44.1 / 5088th percentile for employer $ per participant
- Low cost23.0 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score90 / 100 · Grade A
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 92th |
| Employee saving | 85th |
| Peers that auto-enroll | 58% |
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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
- Vistra Operations Company put in about $6,948 per active participant, more than the typical peer ($3,455). 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 | $40,248,532 |
| Participant (employee) contributions | $61,157,361 |
| Other contributions (incl. rollovers in) | $5,046,214 |
| Administrative expenses paid from the plan | $493,771 |
| Investment advisory & management fees | $480,624 |
| Other admin expenses | $13,147 |
| Benefits paid out | $201,281,366 |
| Net assets, start / end of year | $1.5B / $2.4B |
| Active participants, start / end of year | 4,826 / 6,759 |
| Participants with account balances | 9,822 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcconnell & Jones, LLP |
Largest service providers (Schedule C)
| Fid Inst Ops Co | $327,628 reported compensation |
| Strategic Advisors, Inc. | $166,143 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014120428NAL0005743890001, received 2025-10-14, EIN 36-4833461, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.