Viking Yacht Company 401(k) Review & Grade
Viking Yacht Company Retirement Savings Plan
New Gretna, NJManufacturing1,870 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,691Employer $ per active participant
$3,709Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$118.4MNet plan assets, end of year
$76,865Average balance per account
Score breakdown
- Employer generosity17.7 / 5035th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 86th |
| Employee saving | 33th |
| 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 ($1,004,697 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
- Viking Yacht put in about $1,691 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 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 | $3,161,006 |
| Participant (employee) contributions | $6,933,476 |
| Other contributions (incl. rollovers in) | $8,510 |
| Administrative expenses paid from the plan | $61,626 |
| Benefits paid out | $11,338,268 |
| Net assets, start / end of year | $108.1M / $118.4M |
| Active participants, start / end of year | 1,845 / 1,894 |
| Participants with account balances | 1,541 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Maillie |
Largest service providers (Schedule C)
| Sentinel Benefits Group LLC | $61,626 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010114417NAL0007641697001, received 2025-10-10, EIN 22-1737267, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.