A.G. Van Metre Services, Inc 401(k) Review & Grade
A.G. Van Metre Services, Inc. 401(k) Retirement Plan
Fairfax, VAAdministrative, Support & Staffing Services582 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,258Employer $ per active participant
$6,902Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$73.8MNet plan assets, end of year
$95,146Average balance per account
Score breakdown
- Employer generosity41.0 / 5082th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 90th |
| Employee saving | 89th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $795 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- A.G. Van Metre Services put in about $2,258 per active participant, more than the typical peer ($712). 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 | $1,314,084 |
| Participant (employee) contributions | $4,016,811 |
| Other contributions (incl. rollovers in) | $191,827 |
| Administrative expenses paid from the plan | $29,721 |
| Benefits paid out | $7,119,220 |
| Net assets, start / end of year | $66.3M / $73.8M |
| Active participants, start / end of year | 572 / 592 |
| Participants with account balances | 776 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $29,720 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $11,946 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250812051813NAL0022236274001, received 2025-08-12, EIN 54-1564854, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.