Norman Noble, Inc. 401(k) Review & Grade
Norman Noble, Inc. 401(k) Retirement Savings Plan
Highland Heights, OHManufacturing530 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,637Employer $ per active participant
$4,350Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$42.0MNet plan assets, end of year
$79,584Average balance per account
Score breakdown
- Employer generosity16.9 / 5034th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 39th |
| Employee saving | 42th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Norman Noble put in about $1,637 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.
- 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 | $867,360 |
| Participant (employee) contributions | $2,305,333 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $123,528 |
| Contract administrator fees | $24,323 |
| Investment advisory & management fees | $78,566 |
| Other admin expenses | $7,900 |
| Benefits paid out | $3,323,142 |
| Net assets, start / end of year | $37.1M / $42.0M |
| Active participants, start / end of year | 541 / 519 |
| Participants with account balances | 528 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mcmanus, Dosen & Co., Inc. |
Largest service providers (Schedule C)
| Ancora Retirement Plan Advisors Inc | $78,566 reported compensation |
| Definiti, LLC | $24,323 reported compensation |
| Charles Schwab Bank | $12,739 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926130526NAL0008567585001, received 2025-09-26, EIN 34-0904696, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.