Volvo Group North America, LLC401(k)
VGNA VOL INVESTMENT PRETAX PLAN · GREENSBORO, NC · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Volvo Group North America, LLC reported $493,716 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $10,735 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.05% to 0.04%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 33rd-largest of 2,005 plans among North Carolina employers on file, and the 234th of 13,661 in manufacturing. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves; active participation has grown from 5,386 to 6,120 since 2022.
Volvo Group North America, LLC's 2024 employer contribution ran above the $5,259 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Volvo Group North America, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 582431188 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.