Nan Ya Plastics Corporation, America 401(k) Review & Grade
Nan Ya Plastics Corporation, America Employees Savings Plan
Livingston, NJManufacturing876 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,597Employer $ per active participant
$4,336Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$101.2MNet plan assets, end of year
$99,798Average balance per account
Score breakdown
- Employer generosity27.8 / 5056th percentile for employer $ per participant
- Low cost22.1 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 88th |
| Employee saving | 42th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $22,103 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nan Ya Plastics Corporation, America put in about $2,597 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 | $2,273,696 |
| Participant (employee) contributions | $3,796,093 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $44,635 |
| Other admin expenses | $25 |
| Benefits paid out | $5,884,030 |
| Net assets, start / end of year | $87.4M / $101.2M |
| Active participants, start / end of year | 872 / 879 |
| Participants with account balances | 1,014 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $44,610 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010162010NAL0013519536001, received 2025-10-10, EIN 22-3009119, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.