V.e.c (USA), Inc. 401(k) Review & Grade
Van Eerden Savings and Retirement Plan
Grand Rapids, MIWholesale Trade616 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,533Employer $ per active participant
$4,851Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$40.4MNet plan assets, end of year
$55,056Average balance per account
Score breakdown
- Employer generosity20.8 / 5042th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 53th |
| Employee saving | 53th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- V.e.c (USA) put in about $1,533 per active participant, below the typical peer ($1,792). 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 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 | $943,639 |
| Participant (employee) contributions | $2,985,761 |
| Other contributions (incl. rollovers in) | $507,111 |
| Administrative expenses paid from the plan | $78,291 |
| Investment advisory & management fees | $62,213 |
| Other admin expenses | $2,351 |
| Benefits paid out | $2,918,795 |
| Net assets, start / end of year | $34.5M / $40.4M |
| Active participants, start / end of year | 613 / 618 |
| Participants with account balances | 734 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante Moran |
Largest service providers (Schedule C)
| Raymond James & Associates Inc | $62,213 reported compensation |
| Plante & Moran PLLC | $9,500 reported compensation |
| Jpmorgan Invest Holdings LLC | $4,227 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010072300NAL0004042499001, received 2025-10-10, EIN 38-2892156, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.