VF Corporation 401(k) Review & Grade
VF 401k Savings Plan
Greensboro, NCManufacturing15,326 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,184Employer $ per active participant
$3,195Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$61,239Average balance per account
Score breakdown
- Employer generosity8.7 / 5017th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 159th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 36th |
| Employee saving | 9th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,810 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- VF put in about $2,184 per active participant, below the typical peer ($5,480). 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 | $33,479,788 |
| Participant (employee) contributions | $48,962,778 |
| Other contributions (incl. rollovers in) | $6,142,954 |
| Administrative expenses paid from the plan | $1,238,976 |
| Investment advisory & management fees | $532,453 |
| Benefits paid out | $146,032,580 |
| Net assets, start / end of year | $986.6M / $1.1B |
| Active participants, start / end of year | 16,442 / 14,211 |
| Participants with account balances | 17,332 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
| Employer stock held by plan | $14,285,509 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $618,213 reported compensation |
| Financial Engines | $304,953 reported compensation |
| State Street Global Advisors | $100,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250701085108NAL0029162322001, received 2025-07-01, EIN 23-1180120, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.