Vonage Holdings Corp 401(k) Review & Grade
Vonage 401(k) Retirement Plan
Holmdel, NJInformation1,156 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,123Employer $ per active participant
$14,651Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$289.3MNet plan assets, end of year
$153,316Average balance per account
Score breakdown
- Employer generosity35.4 / 5071th percentile for employer $ per participant
- Low cost20.2 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 81th |
| Employee saving | 83th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $778 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Vonage Holdings put in about $4,123 per active participant, more than the typical peer ($2,829). 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 | $4,763,697 |
| Participant (employee) contributions | $16,929,807 |
| Other contributions (incl. rollovers in) | $3,189,832 |
| Administrative expenses paid from the plan | $191,721 |
| Investment advisory & management fees | $122,546 |
| Other admin expenses | $43,750 |
| Benefits paid out | $21,454,245 |
| Net assets, start / end of year | $241.1M / $289.3M |
| Active participants, start / end of year | 1,093 / 1,218 |
| Participants with account balances | 1,887 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withum Smith/brown PC |
Largest service providers (Schedule C)
| Capital Management Group | $81,250 reported compensation |
| Strategic Advisors, Inc. | $62,686 reported compensation |
| Hightower Advisors LLC | $43,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015132813NAL0002364115001, received 2025-10-15, EIN 11-3547680, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.