Redvector.com, LLC 401(k) Review & Grade
Vector Solutions 401(k) Plan
Tampa, FLEducational Services661 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,308Employer $ per active participant
$8,082Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$46.3MNet plan assets, end of year
$58,404Average balance per account
Score breakdown
- Employer generosity43.0 / 5086th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 31th |
| Employee saving | 89th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Redvector.com put in about $3,308 per active participant, more than the typical peer ($1,225). 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.
- Direct plan expenses (0.40% 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 | $2,186,799 |
| Participant (employee) contributions | $5,342,468 |
| Other contributions (incl. rollovers in) | $1,268,069 |
| Administrative expenses paid from the plan | $167,671 |
| Contract administrator fees | $88,372 |
| Investment advisory & management fees | $79,299 |
| Benefits paid out | $4,289,496 |
| Net assets, start / end of year | $37.9M / $46.3M |
| Active participants, start / end of year | 683 / 639 |
| Participants with account balances | 793 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Carr, Riggs & Ingram, LLC |
Largest service providers (Schedule C)
| Lincoln National Corporation | $88,372 reported compensation |
| Merrill Lynch | $79,299 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903135959NAL0026095872001, received 2025-09-03, EIN 80-0970516, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.