Plan Ledger DOL Form 5500 · updated monthly

Vgm Group IncESOP

VGM GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN · WATERLOO, IA · plan year 2024

Employer contribution per participant · 2024
$14,682

Vgm Group Inc's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $414,422,953 across 1,295 participant accounts, with employer contributions averaging $14,682 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other other services employers. By assets it is the 26th-largest of 878 plans among Iowa employers on file, and the 34th of 3,341 in other services. active participation has grown from 950 to 1,191 since 2022.

Plan summary
Net assets, end of year$414,422,953
Participants with balances1,295
Active participants1,191
Employer contributions$17,486,627
Employee contributions—
Employer contribution per active participant$14,682
Average account balance$320,018
Benefits paid to participants$21,264,807
Plan auditUnmodified (clean) audit opinion
AuditorHOGAN-HANSEN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$414.4M · 1,295 accts · $17.5M emplr
2023$393.8M · 1,138 accts · $17.2M emplr
2022$309.7M · 1,023 accts · $13.9M emplr
Employer contributions to the Vgm Group Inc plan · 2024
Employer contribution per active participant$14,682
Median for plans this size$4,294
2024$14,682 per active participant
2023$16,654 per active participant
2022$14,618 per active participant

Vgm Group Inc's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
VGM GROUP INC 401(K) PROFIT SHARING PLAN401(k)
VGM GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 421280573 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.