Ventek Solutions LLC 401(k) Review & Grade
Ventek Solutions LLC 401(k) Plan
Charleston, SCManufacturing548 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,909Employer $ per active participant
$2,505Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$13.6MNet plan assets, end of year
$25,484Average balance per account
Score breakdown
- Employer generosity20.6 / 5041th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 77th |
| Employee saving | 17th |
| 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 ($168,578 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
- Ventek Solutions put in about $1,909 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.
- 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 | $1,046,818 |
| Participant (employee) contributions | $1,373,908 |
| Other contributions (incl. rollovers in) | $11,180,866 |
| Administrative expenses paid from the plan | $11,896 |
| Investment advisory & management fees | $4,812 |
| Other admin expenses | $25 |
| Benefits paid out | $621,594 |
| Net assets, start / end of year | $0 / $13.6M |
| Active participants, start / end of year | 563 / 534 |
| Participants with account balances | 533 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $7,059 reported compensation |
| Gallagher Benefit Services Inc | $3,396 reported compensation |
| Empower Advisory Group, LLC | $1,416 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015202910NAL0002865571001, received 2025-10-15, EIN 74-2706061, plan #001, plan year 2024-05-01 to 2024-12-31. Verify at efast.dol.gov.