Nammo Incorporated 401(k) Review & Grade
Nammo US 401(k) Plan
Mesa, AZManufacturing752 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,316Employer $ per active participant
$4,794Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$60.1MNet plan assets, end of year
$64,779Average balance per account
Score breakdown
- Employer generosity33.5 / 5067th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 45th |
| Employee saving | 48th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Nammo Incorporated put in about $3,316 per active participant, more than the typical peer ($2,320). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,495,228 |
| Participant (employee) contributions | $3,607,577 |
| Other contributions (incl. rollovers in) | $801,903 |
| Administrative expenses paid from the plan | $148,618 |
| Contract administrator fees | $148,618 |
| Benefits paid out | $4,865,670 |
| Net assets, start / end of year | $50.6M / $60.1M |
| Active participants, start / end of year | 717 / 788 |
| Participants with account balances | 928 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Metz CPA, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $148,618 reported compensation |
| Global Retirement Partners LLC | $76,853 reported compensation |
| Metz & Associates, PLLC | $6,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002170032NAL0000733313001, received 2025-10-02, EIN 54-1959359, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.