Van Diest Supply Co 401(k) Review & Grade
Van Diest Supply Co 401(k) Retirement Plan
Webster City, IAManufacturing548 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,848Employer $ per active participant
$5,160Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$54.0MNet plan assets, end of year
$90,414Average balance per account
Score breakdown
- Employer generosity19.7 / 5039th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 50th |
| Employee saving | 54th |
| 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
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $25,624 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Van Diest Supply put in about $1,848 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 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 | $1,012,695 |
| Participant (employee) contributions | $2,827,748 |
| Other contributions (incl. rollovers in) | $124,596 |
| Administrative expenses paid from the plan | $119,762 |
| Contract administrator fees | $119,762 |
| Benefits paid out | $6,179,037 |
| Net assets, start / end of year | $50.4M / $54.0M |
| Active participants, start / end of year | 564 / 532 |
| Participants with account balances | 597 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $119,762 reported compensation |
| Capfinancial Partners LLC | $40,000 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924114952NAL0008101232001, received 2025-09-24, EIN 42-0934178, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.