Nice Systems, Inc. 401(k) Review & Grade
Nice Systems, Inc. 401(k) Plan
Hoboken, NJProfessional, Scientific & Technical Services3,231 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,416Employer $ per active participant
$11,324Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$545.1MNet plan assets, end of year
$115,360Average balance per account
Score breakdown
- Employer generosity29.3 / 5059th percentile for employer $ per participant
- Low cost8.9 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 35th |
| Employee saving | 65th |
| Peers that auto-enroll | 47% |
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 $12,355 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nice Systems put in about $3,416 per active participant, more than the typical peer ($2,951). 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.
- Direct plan expenses (0.20% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $11,038,324 |
| Participant (employee) contributions | $36,589,216 |
| Other contributions (incl. rollovers in) | $15,992,372 |
| Administrative expenses paid from the plan | $989,990 |
| Investment advisory & management fees | $700,188 |
| Benefits paid out | $49,967,199 |
| Net assets, start / end of year | $469.4M / $545.1M |
| Active participants, start / end of year | 3,172 / 3,290 |
| Participants with account balances | 4,725 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Traveller and Company, LLC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $413,963 reported compensation |
| Resources Investment Advisors | $353,503 reported compensation |
| Morningstar Inc | $207,966 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015085055NAL0005722160002, received 2025-10-15, EIN 77-0250126, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.