National Debt Relief 401(k) Review & Grade
National Debt Relief 401k Profit Sharing Plan and Trust
New York, NYProfessional, Scientific & Technical Services1,913 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,240Employer $ per active participant
$5,610Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$61.9MNet plan assets, end of year
$26,008Average balance per account
Score breakdown
- Employer generosity18.4 / 5037th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 19th |
| Employee saving | 28th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,349 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- National Debt Relief put in about $2,240 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.57% 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.
- 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 | $4,284,877 |
| Participant (employee) contributions | $10,731,092 |
| Other contributions (incl. rollovers in) | $1,037,654 |
| Administrative expenses paid from the plan | $308,003 |
| Investment advisory & management fees | $95,879 |
| Benefits paid out | $6,596,174 |
| Net assets, start / end of year | $45.5M / $61.9M |
| Active participants, start / end of year | 1,830 / 1,996 |
| Participants with account balances | 2,380 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cerini & Associates LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $212,124 reported compensation |
| Morgan Stanley Smith Barney | $95,859 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015090338NAL0005744448001, received 2025-10-15, EIN 27-1182232, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.