Aaa Northern California, Nevada & Utah 401(k) Review & Grade
Aaa Ncnu 401(k) Plan
Walnut Creek, CAFinance & Insurance5,241 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,818Employer $ per active participant
$6,848Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$762.7MNet plan assets, end of year
$124,462Average balance per account
Score breakdown
- Employer generosity36.4 / 5073th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 70th |
| Employee saving | 29th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $15,384 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Aaa Northern California, Nevada & Utah put in about $6,818 per active participant, more than the typical peer ($4,489). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $35,731,602 |
| Participant (employee) contributions | $35,892,254 |
| Other contributions (incl. rollovers in) | $3,218,223 |
| Administrative expenses paid from the plan | $475,354 |
| Contract administrator fees | $2,100 |
| Investment advisory & management fees | $298,793 |
| Other admin expenses | $14,693 |
| Benefits paid out | $70,666,129 |
| Net assets, start / end of year | $663.8M / $762.7M |
| Active participants, start / end of year | 5,182 / 5,300 |
| Participants with account balances | 6,128 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | BPM LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $298,793 reported compensation |
| Fidelity Investments Institutional | $165,481 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250701133103NAL0007034979001, received 2025-07-01, EIN 94-0361645, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.