NN, Inc. 401(k) Review & Grade
NN, Inc. 401(k) Profit Sharing Plan
Charlotte, NCManufacturing1,020 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,776Employer $ per active participant
$5,530Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$127.0MNet plan assets, end of year
$77,188Average balance per account
Score breakdown
- Employer generosity18.6 / 5037th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 84th |
| Employee saving | 59th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- NN put in about $1,776 per active participant, below the typical peer ($2,320). 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 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 | $1,811,242 |
| Participant (employee) contributions | $5,641,095 |
| Other contributions (incl. rollovers in) | $1,235,926 |
| Administrative expenses paid from the plan | $75,104 |
| Investment advisory & management fees | $24,041 |
| Other admin expenses | $112,500 |
| Benefits paid out | $19,679,967 |
| Net assets, start / end of year | $120.5M / $127.0M |
| Active participants, start / end of year | 1,051 / 989 |
| Participants with account balances | 1,645 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Armanino, LLP |
Largest service providers (Schedule C)
| Robert W. Baird Inc. | $112,500 reported compensation |
| Strategic Advisors, Inc. | $24,041 reported compensation |
| Bolinger Segars Gilbert & Moss | $6,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007150827NAL0004766049001, received 2025-10-07, EIN 62-1096725, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.