VRC Companies, LLC 401(k) Review & Grade
VRC Companies, LLC 401(k) Profit Sharing Plan
Memphis, TNTransportation & Warehousing1,788 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$709Employer $ per active participant
$1,163Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$21.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.7 / 5037th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 23th |
| Employee saving | 15th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- VRC Companies put in about $709 per active participant, below the typical peer ($1,070). 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.
- Direct plan expenses (0.50% 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 | $1,268,688 |
| Participant (employee) contributions | $2,079,937 |
| Other contributions (incl. rollovers in) | $421,952 |
| Administrative expenses paid from the plan | $99,205 |
| Contract administrator fees | $95,993 |
| Investment advisory & management fees | $12 |
| Other admin expenses | $3,200 |
| Benefits paid out | $2,503,439 |
| Net assets, start / end of year | $18.0M / $21.7M |
| Active participants, start / end of year | 1,713 / 1,864 |
| Participants with account balances | 783 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Jackson, Howell & Associates, PLLC |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $41,765 reported compensation |
| Ares Retirement Plan Services, LLC | $19,306 reported compensation |
| Nationwide Insurance | $15,176 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015183831NAL0005383489001, received 2025-10-15, EIN 82-0796581, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.