Vonachen Group, Inc. 401(k) Review & Grade
Vonachen Group, Inc. 401(k) Plan
Peoria, ILAdministrative, Support & Staffing Services2,590 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$158Employer $ per active participant
$295Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$8.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.2 / 5040th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th 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 score24 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 42th |
| Employee saving | 22th |
| Peers that auto-enroll | 22% |
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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 ($32,425 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
- Vonachen Group put in about $158 per active participant, below the typical peer ($342). 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 | $410,043 |
| Participant (employee) contributions | $762,924 |
| Other contributions (incl. rollovers in) | $9,044 |
| Administrative expenses paid from the plan | $12,136 |
| Benefits paid out | $555,263 |
| Net assets, start / end of year | $7.0M / $8.6M |
| Active participants, start / end of year | 2,587 / 2,592 |
| Participants with account balances | 244 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Alliance Pension Consultants, LLC | $12,136 reported compensation |
| Charles Schwab Trust Bank | $5,033 reported compensation |
| Charles Schwab & Co. Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014090706NAL0002469409001, received 2025-10-14, EIN 82-3661800, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.