NK Parts Industries, Inc. 401(k) Review & Grade
NK Parts Industries, Inc. Savings & Retirement Plan
Sidney, OHTransportation & Warehousing780 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$458Employer $ per active participant
$2,509Employee $ saved per active participant
0.87%Direct admin cost, % of plan assets
$16.4MNet plan assets, end of year
$14,878Average balance per account
Score breakdown
- Employer generosity12.4 / 5025th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 9th |
| Employee saving | 41th |
| Peers that auto-enroll | 37% |
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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
- NK Parts Industries put in about $458 per active participant, below the typical peer ($1,070). 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.
- Direct plan expenses (0.87% of assets) are well above similar-size plans (0.23%). 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 | $357,396 |
| Participant (employee) contributions | $1,955,779 |
| Other contributions (incl. rollovers in) | $92,319 |
| Administrative expenses paid from the plan | $133,240 |
| Contract administrator fees | $20,928 |
| Other admin expenses | $29,246 |
| Benefits paid out | $1,933,684 |
| Net assets, start / end of year | $14.3M / $16.4M |
| Active participants, start / end of year | 686 / 873 |
| Participants with account balances | 1,103 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mccrate Delaet & Co. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $103,994 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014154156NAL0001601875001, received 2025-10-14, EIN 31-1224364, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.