Nexair, LLC 401(k) Review & Grade
Nexair, LLC Profit Sharing and 401(k) Plan
Memphis, TNWholesale Trade814 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,176Employer $ per active participant
$7,301Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$164.0MNet plan assets, end of year
$142,983Average balance per account
Score breakdown
- Employer generosity46.3 / 5093th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 66th |
| Employee saving | 81th |
| Peers that auto-enroll | 53% |
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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
- Nexair put in about $6,176 per active participant, more than the typical peer ($1,792). 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 | $5,027,238 |
| Participant (employee) contributions | $5,943,066 |
| Other contributions (incl. rollovers in) | $58,977 |
| Administrative expenses paid from the plan | $204,230 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $57,589 |
| Other admin expenses | $5,000 |
| Benefits paid out | $11,887,458 |
| Net assets, start / end of year | $136.3M / $164.0M |
| Active participants, start / end of year | 744 / 884 |
| Participants with account balances | 1,147 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $122,991 reported compensation |
| Duncan Williams Asset Management | $31,500 reported compensation |
| Strategic Advisors, Inc. | $26,089 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260406162857NAL0007875920001, received 2026-04-06, EIN 62-1636439, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.