Volvo Group North America, LLC 401(k) Review & Grade
Volvo Group North America Voluntary Investment Pretax Plan
Greensboro, NCManufacturing5,786 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,355Employer $ per active participant
$10,423Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$192,751Average balance per account
Score breakdown
- Employer generosity48.3 / 5097th percentile for employer $ per participant
- Low cost21.6 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score90 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 87th |
| Employee saving | 84th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,549 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Volvo Group North America put in about $11,355 per active participant, more than the typical peer ($3,452). 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 | $65,697,523 |
| Participant (employee) contributions | $60,308,495 |
| Other contributions (incl. rollovers in) | $8,783,610 |
| Administrative expenses paid from the plan | $493,716 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $60,207 |
| Other admin expenses | $1,000 |
| Benefits paid out | $140,083,695 |
| Net assets, start / end of year | $1.2B / $1.5B |
| Active participants, start / end of year | 5,452 / 6,120 |
| Participants with account balances | 7,550 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $407,377 reported compensation |
| Curcio Webb | $60,207 reported compensation |
| Empower Annuity Insurance Company | $42,011 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008082310NAL0005264129001, received 2025-10-08, EIN 58-2431188, plan #008, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.