Harvey Nash, Inc. 401(k) Review & Grade
Harvey Nash, Inc. 401(k) Plan
Wayne, NJAdministrative, Support & Staffing Services816 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,229Employer $ per active participant
$6,027Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$35.6MNet plan assets, end of year
$51,241Average balance per account
Score breakdown
- Employer generosity33.5 / 5067th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 28th |
| Employee saving | 84th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $99,134 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Harvey Nash put in about $1,229 per active participant, more than the typical peer ($712). 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.
- Direct plan expenses (0.44% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,003,870 |
| Participant (employee) contributions | $4,920,860 |
| Other contributions (incl. rollovers in) | $1,028,193 |
| Administrative expenses paid from the plan | $140,505 |
| Investment advisory & management fees | $61,507 |
| Benefits paid out | $4,644,240 |
| Net assets, start / end of year | $28.9M / $35.6M |
| Active participants, start / end of year | 826 / 807 |
| Participants with account balances | 695 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $78,998 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $62,560 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008053707NAL0005178145001, received 2025-10-08, EIN 94-3307138, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.