Nep Broadcasting, LLC 401(k) Review & Grade
Nep Broadcasting, LLC 401(k) Plan
Pittsburgh, PAInformation1,724 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,942Employer $ per active participant
$8,258Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$216.4MNet plan assets, end of year
$107,947Average balance per account
Score breakdown
- Employer generosity15.5 / 5031th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 70th |
| Employee saving | 46th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $3,864 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nep Broadcasting put in about $1,942 per active participant, below the typical peer ($2,829). 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.
- 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 | $3,347,124 |
| Participant (employee) contributions | $14,232,021 |
| Other contributions (incl. rollovers in) | $969,507 |
| Administrative expenses paid from the plan | $242,474 |
| Contract administrator fees | $2,700 |
| Investment advisory & management fees | $82,500 |
| Benefits paid out | $18,622,609 |
| Net assets, start / end of year | $188.6M / $216.4M |
| Active participants, start / end of year | 1,730 / 1,717 |
| Participants with account balances | 2,005 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Schneider Downs & Co., Inc. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $159,974 reported compensation |
| Capfinancial Partners, LLC | $82,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008174531NAL0003470659001, received 2025-10-08, EIN 25-1869517, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.