National Indemnity Company 401(k) Review & Grade
National Indemnity Company Employee Retirement and Savings Plan
Omaha, NEFinance & Insurance3,214 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,109Employer $ per active participant
$7,821Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$600.1MNet plan assets, end of year
$152,233Average balance per account
Score breakdown
- Employer generosity23.0 / 5046th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 99th |
| Employee saving | 43th |
| Peers that auto-enroll | 66% |
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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
- National Indemnity put in about $4,109 per active participant, below the typical peer ($4,489). 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.
- 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 | $13,208,085 |
| Participant (employee) contributions | $25,140,080 |
| Other contributions (incl. rollovers in) | $9,930,162 |
| Administrative expenses paid from the plan | $28,591 |
| Other admin expenses | $28,591 |
| Benefits paid out | $35,505,080 |
| Net assets, start / end of year | $503.6M / $600.1M |
| Active participants, start / end of year | 3,077 / 3,352 |
| Participants with account balances | 3,942 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frankel, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $28,591 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929122700NAL0005023251001, received 2025-09-29, EIN 47-0355979, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.