V2x, Inc. 401(k) Review & Grade
V2x 401k Retirement Plan
Madison, MSTransportation & Warehousing10,212 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,450Employer $ per active participant
$6,999Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$644.4MNet plan assets, end of year
$45,873Average balance per account
Score breakdown
- Employer generosity37.8 / 5076th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 10,000+ active participants (46 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 19th |
| Employee saving | 82th |
| Peers that auto-enroll | 30% |
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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 ($13,604 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $23,518 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- V2x put in about $3,450 per active participant, more than the typical peer ($1,415). 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 (0.19% of assets) are well above similar-size plans (0.09%). 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 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 | $35,229,469 |
| Participant (employee) contributions | $71,481,504 |
| Other contributions (incl. rollovers in) | $26,896,476 |
| Administrative expenses paid from the plan | $1,134,927 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $170,241 |
| Benefits paid out | $94,270,811 |
| Net assets, start / end of year | $538.5M / $644.4M |
| Active participants, start / end of year | 6,644 / 13,781 |
| Participants with account balances | 14,048 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $820,286 reported compensation |
| Cbiz Investment Advisory Services | $170,241 reported compensation |
| Bdo USA, P.C. | $144,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015155423NAL0002702403001, received 2025-10-15, EIN 64-0941176, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.