Vixxo Corporation 401(k) Review & Grade
Vixxo Corporation 401(k) Plan
Scottsdale, AZAdministrative, Support & Staffing Services622 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,019Employer $ per active participant
$3,843Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$33.8MNet plan assets, end of year
$36,787Average balance per account
Score breakdown
- Employer generosity31.1 / 5062th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 32th |
| Employee saving | 70th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $31,632 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Vixxo put in about $1,019 per active participant, more than the typical peer ($712). 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.
- Direct plan expenses (0.38% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $634,018 |
| Participant (employee) contributions | $2,390,158 |
| Other contributions (incl. rollovers in) | $3,530,269 |
| Administrative expenses paid from the plan | $113,278 |
| Contract administrator fees | $109,673 |
| Investment advisory & management fees | $1,305 |
| Other admin expenses | $2,300 |
| Benefits paid out | $2,110,231 |
| Net assets, start / end of year | $25.7M / $33.8M |
| Active participants, start / end of year | 515 / 729 |
| Participants with account balances | 919 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Evers Robinson |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $113,304 reported compensation |
| Global Retirement Partners LLC | $47,905 reported compensation |
| Alera Investment Advisors | $11,286 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015170231NAL0002788947001, received 2025-10-15, EIN 52-2287233, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.