Virco MFG. Corporation 401(k) Review & Grade
Virco MFG. Corporation 401k Plan
Torrance, CAManufacturing770 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,097Employer $ per active participant
$5,340Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$63.8MNet plan assets, end of year
$71,932Average balance per account
Score breakdown
- Employer generosity22.8 / 5046th percentile for employer $ per participant
- Low cost9.7 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 39th |
| Employee saving | 56th |
| Peers that auto-enroll | 59% |
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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
- Virco MFG. put in about $2,097 per active participant, below the typical peer ($2,320). 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.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,615,033 |
| Participant (employee) contributions | $4,111,469 |
| Other contributions (incl. rollovers in) | $10,376 |
| Administrative expenses paid from the plan | $195,902 |
| Investment advisory & management fees | $158,574 |
| Benefits paid out | $5,553,824 |
| Net assets, start / end of year | $59.7M / $63.8M |
| Active participants, start / end of year | 782 / 758 |
| Participants with account balances | 887 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KBF Cpas -Audit, LLP |
| Employer stock held by plan | $11,578,282 |
Largest service providers (Schedule C)
| Resources Investment Advisors, Inc. | $116,433 reported compensation |
| Alera Investment Advisors, LLC | $42,140 reported compensation |
| Adp, Inc. | $37,328 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250715052251NAL0003962946001, received 2025-07-15, EIN 95-1613718, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.