Nefco Holding Company LLC 401(k) Review & Grade
Nefco Holding Company LLC 401(k) Profit Sharing Plan
East Hartford, CTWholesale Trade958 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$545Employer $ per active participant
$3,967Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$34.1MNet plan assets, end of year
$40,279Average balance per account
Score breakdown
- Employer generosity4.7 / 509th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 67th |
| Employee saving | 39th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,551 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Nefco Holding Company put in about $545 per active participant, below the typical peer ($1,792). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $521,456 |
| Participant (employee) contributions | $3,798,106 |
| Other contributions (incl. rollovers in) | $775,535 |
| Administrative expenses paid from the plan | $37,619 |
| Contract administrator fees | $13,034 |
| Other admin expenses | $21,798 |
| Benefits paid out | $2,078,112 |
| Net assets, start / end of year | $22.4M / $34.1M |
| Active participants, start / end of year | 813 / 1,102 |
| Participants with account balances | 847 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Pasi, LLC | $31,161 reported compensation |
| Capital Research and Management | $5,513 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922131116NAL0005281089001, received 2025-09-22, EIN 06-1035230, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.