VGP Holdings LLC 401(k) Review & Grade
Valvoline Global Operations 401(k) Plan
Lexington, KYManufacturing1,329 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,828Employer $ per active participant
$8,338Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$281.6MNet plan assets, end of year
$195,274Average balance per account
Score breakdown
- Employer generosity46.4 / 5093th percentile for employer $ per participant
- Low cost17.5 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 70th |
| Employee saving | 82th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,374 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- VGP Holdings put in about $7,828 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $10,403,883 |
| Participant (employee) contributions | $11,081,240 |
| Other contributions (incl. rollovers in) | $2,367,386 |
| Administrative expenses paid from the plan | $312,610 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $7,630 |
| Other admin expenses | $190,938 |
| Benefits paid out | $25,201,330 |
| Net assets, start / end of year | $247.4M / $281.6M |
| Active participants, start / end of year | 1,301 / 1,357 |
| Participants with account balances | 1,442 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Blue & Co, LLC |
Largest service providers (Schedule C)
| Aon Investments USA Inc. | $178,938 reported compensation |
| Fidelity Investments Institutional | $114,856 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260203121310NAL0005084130001, received 2026-02-03, EIN 88-2683316, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.