Diversity-Vuteq, LLC 401(k) Review & Grade
Diversity-Vuteq 401(k) Plan
New Albany, MSManufacturing550 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,616Employer $ per active participant
$1,838Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$6.7MNet plan assets, end of year
$6,494Average balance per account
Score breakdown
- Employer generosity16.7 / 5033th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 19th |
| Employee saving | 10th |
| Peers that auto-enroll | 59% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($93,905 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
- Diversity-Vuteq put in about $1,616 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.
- Direct plan expenses (0.57% 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.
- 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 | $888,065 |
| Participant (employee) contributions | $1,010,092 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $33,707 |
| Contract administrator fees | $33,707 |
| Benefits paid out | $1,089,505 |
| Net assets, start / end of year | $5.2M / $6.7M |
| Active participants, start / end of year | 548 / 551 |
| Participants with account balances | 1,027 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Retirement Plan Concepts & Services | $2,814 reported compensation |
| Voya Retirement Insurance and Annui | $896 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251030111723NAL0003079456001, received 2025-10-30, EIN 26-3611138, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.