Vonachen Group 401(k) match, vesting and fees
What Vonachen Group's 401(k) plan says about matching contributions
The Company is required to make safe harbor matching contributions to the Plan. For the year ended December 31, 2024, the Company’s safe harbor matching contribution was 100% of participant’s elective deferrals not to exceed 3% of eligible compensation, and 50% of the next 2% of elective deferrals, up to a maximum safe harbor matching contribution of 4% of eligible compensation. The Company may also make a discretionary matching contribution. There were no discretionary matching contributions for the year ended December 31, 2024.
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. 30 ↗ |
| Match vesting | Participants are immediately vested in their contributions plus actual earnings thereon. Effective January 1, 2023, participants are immediately vested in the Company safe harbor contributions plus actual earnings thereon. Vesting in the Company discretionary matching contribution portion of their accounts, plus actual earnings thereon, is based on years of credited service. Under these provisions, a participant is 100% vested after three years of credited service. Notwithstanding the above, a participant is fully vested upon reaching normal retirement age, death, or permanent disability. | Audit report, p. 31 ↗ |
| Roth contributions | Eligible participants are permitted to elect to have a percentage, limited by Plan provisions, of their compensation contributed as pre-tax 401(k) or Roth contributions to the Plan. | Audit report, p. 30 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. | Audit report, p. 31 ↗ |
| Recordkeeper | Alliance Pension Consultants, LLC | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,446 defined-contribution plans in administrative, support and waste management services with 100 to 499 participants.
| Vonachen Group: employer contribution per participant | $1,681 | |
| Peer median | $1,495 |
| Vonachen Group: average balance | $35,190 | |
| Peer median | $34,563 |
| Vonachen Group: admin expenses ÷ assets | 0.16% | |
| Peer median | 0.51% |
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 $7.1M at the end of plan year 2021 to $8.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,632 | $8.6M | $410K | $1,681 | 0.16% | Quoted in the audit report, p. 30 ↗ | Form 5500 ↗ |
| 2023 | 2,393 | $7M | $375K | $1,424 | 0.08% | Not published | Form 5500 ↗ |
| 2022 | 1,157 | $6.3M | $150K | $692 | 0.12% | Not published | Form 5500 ↗ |
| 2021 | 1,065 | $7.1M | $135K | $680 | 0.10% | Not published | Form 5500 ↗ |
Common questions
Does Vonachen Group match 401(k) contributions?
The audit report attached to the Vonachen Group, Inc. 401(k) Plan's plan year 2024 Form 5500, page 30 says: “The Company is required to make safe harbor matching contributions to the Plan. For the year ended December 31, 2024, the Company’s safe harbor matching contribution was 100% of participant’s elective deferrals not to exceed 3% of eligible compensation, and 50% of the next 2% of elective deferrals, up to a maximum safe harbor matching contribution of 4% of eligible compensation. The Company may also make a discretionary matching contribution. There were no discretionary matching contributions for the year ended December 31, 2024.” Plan terms may have changed; check your current Summary Plan Description.
When is the Vonachen Group 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 31 says: “Participants are immediately vested in their contributions plus actual earnings thereon. Effective January 1, 2023, participants are immediately vested in the Company safe harbor contributions plus actual earnings thereon. Vesting in the Company discretionary matching contribution portion of their accounts, plus actual earnings thereon, is based on years of credited service. Under these provisions, a participant is 100% vested after three years of credited service. Notwithstanding the above, a participant is fully vested upon reaching normal retirement age, death, or permanent disability.”
Who manages the Vonachen Group 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Alliance Pension Consultants, LLC. The plan administrator is Vonachen Group, Inc..
I left Vonachen Group. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Vonachen Group, Inc., (309) 689-5745) or the recordkeeper, Alliance Pension Consultants, LLC. The Vonachen Group old 401(k) page lists the contacts from every plan filing. Find an old Vonachen Group 401(k)
Data from the public Form 5500 annual reports Vonachen Group filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Vonachen Group. Not financial advice. Report a correction · Methodology