Volkswagen Group of America 401(k) match, vesting and fees
What Volkswagen Group of America's 401(k) plan says about matching contributions
The Company provides for employer matching contributions equal to 100 percent of the first 3 percent and 50 percent of the next 2 percent that the employee contributes on a pretax basis.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 28 ↗ |
| Match vesting | Participants are immediately 100 percent vested in employee and employer matching contributions. Participants hired prior to January 1, 2007 are 100 percent vested in their employer retirement fixed contribution upon completion of two years of service. Participants hired after January 1, 2007 are 100 percent vested in their employer retirement fixed contribution upon completion of three years of service. | Audit report, p. 28 ↗ |
| Automatic enrollment | Unless participants affirmatively opt out, they are auto-enrolled into the Plan at a rate of 5 percent of compensation if not enrolled one month after their date of hire. | Audit report, p. 28 ↗ |
| Loans | Participants may borrow from their accounts subject to certain maximum and minimum amounts prescribed in the Plan and in the IRC. Participant notes receivable are collateralized by the participant's account balance and bear interest at a market rate. | Audit report, p. 29 ↗ |
| Independent auditor | Plante & Moran, PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 43 defined-contribution plans in wholesale trade with 10,000 to 49,999 participants.
| Volkswagen Group of America: employer contribution per participant | $6,335 | |
| Peer median | $2,266 |
| Volkswagen Group of America: average balance | $151,700 | |
| Peer median | $90,687 |
| Volkswagen Group of America: admin expenses ÷ assets | 0.13% | |
| Peer median | 0.07% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.4B at the end of plan year 2023 to $1.6B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 10,627 | $1.6B | $66.9M | $6,335 | 0.13% | Quoted in the audit report, p. 28 ↗ | Form 5500 ↗ |
| 2023 | 10,874 | $1.4B | $62.1M | $5,758 | 0.12% | Not published | Form 5500 ↗ |
Other Volkswagen Group of America plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Spin-Off Group Salaried Employees Retirement Plan of Volkswagen Group of America, Inc.
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Volkswagen Group of America match 401(k) contributions?
The audit report attached to the Volkswagen Group of America, Inc. Defined Contribution and Savings Plan's plan year 2024 Form 5500, page 28 says: “The Company provides for employer matching contributions equal to 100 percent of the first 3 percent and 50 percent of the next 2 percent that the employee contributes on a pretax basis.” Plan terms may have changed; check your current Summary Plan Description.
When is the Volkswagen Group of America 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 28 says: “Participants are immediately 100 percent vested in employee and employer matching contributions. Participants hired prior to January 1, 2007 are 100 percent vested in their employer retirement fixed contribution upon completion of two years of service. Participants hired after January 1, 2007 are 100 percent vested in their employer retirement fixed contribution upon completion of three years of service.”
Who manages the Volkswagen Group of America 401(k)?
The filing names Volkswagen Group of America, Inc. as plan administrator; it does not list a recordkeeper.
I left Volkswagen Group of America. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Volkswagen Group of America, Inc., (703) 364-7000). The Volkswagen Group of America old 401(k) page lists the contacts from every plan filing. Find an old Volkswagen Group of America 401(k)
Data from the public Form 5500 annual reports Volkswagen Group of America filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Volkswagen Group of America. Not financial advice. Report a correction · Methodology