VM Consolidated, Inc. 401(k) Review & Grade
Verra Mobility 401(k) Plan
Mesa, AZInformation1,168 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,395Employer $ per active participant
$8,080Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$96.0MNet plan assets, end of year
$61,160Average balance per account
Score breakdown
- Employer generosity37.5 / 5075th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 32th |
| Employee saving | 45th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,505 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- VM Consolidated put in about $4,395 per active participant, more than the typical peer ($2,829). 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.
- 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 | $5,131,475 |
| Participant (employee) contributions | $9,433,894 |
| Other contributions (incl. rollovers in) | $1,882,727 |
| Administrative expenses paid from the plan | $333,784 |
| Investment advisory & management fees | $200,700 |
| Benefits paid out | $9,171,012 |
| Net assets, start / end of year | $78.4M / $96.0M |
| Active participants, start / end of year | 1,148 / 1,187 |
| Participants with account balances | 1,570 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Metz CPA, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $123,084 reported compensation |
| One Digital Topco LLC DBA Resources | $103,888 reported compensation |
| Empower Advisory Group, LLC | $96,812 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014161845NAL0003263873001, received 2025-10-14, EIN 26-3302690, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.