Visual Edge Technology, Inc. 401(k) Review & Grade
Visual Edge Technology, Inc. 401(k) Savings and Retirement Plan
North Canton, OHWholesale Trade1,043 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,490Employer $ per active participant
$4,236Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$46.5MNet plan assets, end of year
$43,716Average balance per account
Score breakdown
- Employer generosity32.9 / 5066th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 16th |
| Employee saving | 43th |
| Peers that auto-enroll | 53% |
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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
- Visual Edge Technology put in about $2,490 per active participant, more than the typical peer ($1,792). 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 (0.62% 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 | $2,597,535 |
| Participant (employee) contributions | $4,418,133 |
| Other contributions (incl. rollovers in) | $537,255 |
| Administrative expenses paid from the plan | $265,364 |
| Investment advisory & management fees | $111,515 |
| Other admin expenses | $6,300 |
| Benefits paid out | $4,704,375 |
| Net assets, start / end of year | $39.2M / $46.5M |
| Active participants, start / end of year | 1,047 / 1,039 |
| Participants with account balances | 1,063 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | D'amico Wawrin & Company Cpas, |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $147,549 reported compensation |
| Ifp Advisors Inc DBA Independent Fi | $65,000 reported compensation |
| Empower Advisory Group, LLC | $46,515 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260206133629NAL0006729072001, received 2026-02-06, EIN 94-2991858, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.