Abc Phones of North Carolina, Inc. 401(k) Review & Grade
Victra 401(k) Plan
Raleigh, NCRetail Trade7,327 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$559Employer $ per active participant
$959Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$49.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 16th |
| Employee saving | 19th |
| Peers that auto-enroll | 42% |
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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 ($2,984 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $499 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Abc Phones of North Carolina put in about $559 per active participant, below the typical peer ($650). 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 (0.42% of assets) are well above similar-size plans (0.12%). 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 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 | $4,093,949 |
| Participant (employee) contributions | $7,026,471 |
| Other contributions (incl. rollovers in) | $483,524 |
| Administrative expenses paid from the plan | $190,197 |
| Investment advisory & management fees | $72,454 |
| Benefits paid out | $8,145,146 |
| Net assets, start / end of year | $40.3M / $49.8M |
| Active participants, start / end of year | 6,521 / 8,133 |
| Participants with account balances | 1,818 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $117,743 reported compensation |
| Cetera Investment Advisors LLC | $48,000 reported compensation |
| Strategic Advisors, Inc. | $24,454 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250809075121NAL0011879218001, received 2025-08-09, EIN 56-2151684, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.