NHF Holdings, LLC Employee Savings Plan 401(k) Review & Grade
NHF Holdings, LLC
Urbandale, IAAccommodation & Food Services700 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$45Employer $ per active participant
$598Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$4.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.9 / 5014th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th 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: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 59th |
| Employee saving | 37th |
| Peers that auto-enroll | 17% |
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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 ($73,244 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
- NHF Holdings, LLC Employee Savings Plan put in about $45 per active participant, below the typical peer ($266). 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 | $31,819 |
| Participant (employee) contributions | $418,830 |
| Other contributions (incl. rollovers in) | $4,160 |
| Administrative expenses paid from the plan | $7,183 |
| Contract administrator fees | $7,183 |
| Benefits paid out | $693,133 |
| Net assets, start / end of year | $4.0M / $4.3M |
| Active participants, start / end of year | 300 / 1,101 |
| Participants with account balances | 227 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Copeland Buhl and Company |
Largest service providers (Schedule C)
| Christensen Group Financial, LLC | $6,204 reported compensation |
| Capital Research and Management | $5,783 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162144NAL0005408033001, received 2025-10-15, EIN 87-3224010, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.