Voyant Beauty, LLC 401(k) Review & Grade
Voyant Beauty, LLC 401(k) Plan
Hodgkins, ILManufacturing2,067 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,269Employer $ per active participant
$4,081Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$95.4MNet plan assets, end of year
$33,454Average balance per account
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 46th |
| Employee saving | 38th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($113,181 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,630 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Voyant Beauty put in about $1,269 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,622,010 |
| Participant (employee) contributions | $8,435,326 |
| Other contributions (incl. rollovers in) | $868,708 |
| Administrative expenses paid from the plan | $229,230 |
| Investment advisory & management fees | $96,224 |
| Benefits paid out | $9,662,530 |
| Net assets, start / end of year | $81.8M / $95.4M |
| Active participants, start / end of year | 1,972 / 2,162 |
| Participants with account balances | 2,852 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $143,622 reported compensation |
| Creative Planning Holdco LLC | $85,608 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006101651NAL0001780067003, received 2025-10-06, EIN 83-2338714, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.