Element Vehicle Management Services Group, LLC 401(k) Review & Grade
Element Vehicle Management Services Group, LLC 401(k) Plan
Sparks, MDTransportation & Warehousing1,296 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,711Employer $ per active participant
$6,986Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$156.9MNet plan assets, end of year
$111,307Average balance per account
Score breakdown
- Employer generosity40.8 / 5082th percentile for employer $ per participant
- Low cost19.9 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1587th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 79th |
| Employee saving | 87th |
| 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
- Element Vehicle Management Services Group put in about $2,711 per active participant, more than the typical peer ($1,070). 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.
- 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.
- 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 | $3,512,541 |
| Participant (employee) contributions | $9,050,339 |
| Other contributions (incl. rollovers in) | $1,678,497 |
| Administrative expenses paid from the plan | $118,185 |
| Other admin expenses | $118,185 |
| Benefits paid out | $18,376,755 |
| Net assets, start / end of year | $143.9M / $156.9M |
| Active participants, start / end of year | 1,099 / 1,492 |
| Participants with account balances | 1,410 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mckonly & Asbury, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $121,585 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001134909NAL0021071474001, received 2025-10-01, EIN 35-2441330, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.