VSP 401k Plan – A Brief Review

VSP 401k Plan - A Brief Review

VSP 401k Plan – A Brief Review

401k plans are becoming the primary source for retirement savings for many Americans. But still, many retirement savers are in the dark. When it comes to the VSP 401k plan, there are excellent resources available from human resources and the benefits team. But don’t stop there. Whether you are a current participant or a recently terminated employee, get an independent review. Make sure you’re not in the dark.

How does the VSP 401k plan rank?

According to Brightscope, the VSP 401k plan is average compared to its peers. It receives a score of 76 which is 14 points less than the top rated plan of 90. Brightscope gives the plan kudos for low costs and an above average rating for “company generosity.” The company generosity category is based on the “plan’s vesting schedule, eligibility periods, and all the contributions to the plan for the sole benefit of the participants.” The plan has an “average” participation rate meaning there is room for improvement in this area.

Benefits Pro (a.k.a. Free ERISA) rates the plan as “fair.” According to this site, the plan has zero “red flags.”

Investment Choices

The VSP 401k has a broad list of investments to choose from. According to Brightscope, there are 24 investment options available. An investment lineup with 20 funds is more than enough to adequately meet the needs of most retirement savers. With 24 investments to choose from, participants may feel overwhelmed with options to consider.

Plan Service Providers

The VSP 401k plan utlizes Prudential as the record keeper for the plan. Prudential is who you would contact to make investment changes, update beneficiaries, and request distributions etc.

Do you have questions or need help?

If you have questions about your VSP 401k plan, be sure to contact HR and the benefits team at VSP. You can also contact Prudential directly via the link provided earlier in this post.

In addition, please feel free to contact me via this link. I offer prospective clients a free consultation. This is where we discuss your needs and identify the level of service that is right for you.

Have you recently terminated employment with VSP ? If so, you have some important decisions to make with regard to your 401k. Contact me today to get started.


Information contained in the article regarding the VSP 401k plan, is based solely on publicly available information as reported on required tax and disclosure forms as of 2015. In addition, information was gathered from other media outlets. Do not base your investment or financial planning decisions on this article alone. Contact your benefits team, tax advisor, and financial professional to discuss your unique situation.

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2 Responses to VSP 401k Plan – A Brief Review

  1. Fred Vaiasicca June 8, 2017 at 9:16 am #

    Hi David. This is Fred I need help how this 401k works and what is the best investment for me to choose . I work for VSP and been working there for long time . Tom Mentkowski referred me to u so what would be the best time to get together .

    • David Waldrop, CFP® June 8, 2017 at 10:42 am #

      Hi Fred, thanks for reaching out. I’m sending an email to you shortly. Please reply to that email to confirm it has been received.

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