Vivie 401(k) Review & Grade
Vivie Retirement Savings Plan
Alexandria, MNHealth Care & Social Assistance759 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$560Employer $ per active participant
$2,524Employee $ saved per active participant
0.75%Direct admin cost, % of plan assets
$19.1MNet plan assets, end of year
$19,182Average balance per account
Score breakdown
- Employer generosity18.9 / 5038th percentile for employer $ per participant
- Low cost2.9 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 11th |
| Employee saving | 50th |
| Peers that auto-enroll | 36% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Vivie put in about $560 per active participant, below the typical peer ($976). 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.
- Direct plan expenses (0.75% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $424,818 |
| Participant (employee) contributions | $1,915,629 |
| Other contributions (incl. rollovers in) | $120,002 |
| Administrative expenses paid from the plan | $141,861 |
| Investment advisory & management fees | $25,139 |
| Other admin expenses | $7,859 |
| Benefits paid out | $4,495,151 |
| Net assets, start / end of year | $19.0M / $19.1M |
| Active participants, start / end of year | 769 / 749 |
| Participants with account balances | 994 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $108,863 reported compensation |
| Mma Securities LLC | $25,139 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013150226NAL0000738387001, received 2025-10-13, EIN 93-2544465, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.