Vuteq USA, Inc. 401(k) Review & Grade
Vuteq Corporation Retirement Readiness 401(k) Plan
Georgetown, KYManufacturing858 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,055Employer $ per active participant
$1,772Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$25.2MNet plan assets, end of year
$34,620Average balance per account
Score breakdown
- Employer generosity9.3 / 5019th percentile for employer $ per participant
- Low cost9.9 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 40th |
| Employee saving | 9th |
| Peers that auto-enroll | 59% |
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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 ($118,217 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
- Vuteq USA put in about $1,055 per active participant, below the typical peer ($2,320). 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 | $905,606 |
| Participant (employee) contributions | $1,520,237 |
| Other contributions (incl. rollovers in) | $49,756 |
| Administrative expenses paid from the plan | $72,418 |
| Contract administrator fees | $72,418 |
| Benefits paid out | $2,190,126 |
| Net assets, start / end of year | $22.0M / $25.2M |
| Active participants, start / end of year | 867 / 849 |
| Participants with account balances | 727 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Retirement Plan Concepts & Services | $11,381 reported compensation |
| Morningstar | $3,516 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251030122341NAL0001188979001, received 2025-10-30, EIN 61-1119251, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.