North American Lighting, Inc. 401(k) Review & Grade
North American Lighting, Inc. Command Plus Plan
Paris, ILManufacturing5,226 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,672Employer $ per active participant
$4,794Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$522.4MNet plan assets, end of year
$89,156Average balance per account
Score breakdown
- Employer generosity33.3 / 5067th percentile for employer $ per participant
- Low cost7.9 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 32th |
| Employee saving | 34th |
| Peers that auto-enroll | 70% |
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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
- North American Lighting put in about $4,672 per active participant, more than the typical peer ($3,452). 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 (0.22% 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 | $24,413,621 |
| Participant (employee) contributions | $25,055,788 |
| Other contributions (incl. rollovers in) | $1,176,036 |
| Administrative expenses paid from the plan | $1,067,431 |
| Contract administrator fees | $947,811 |
| Investment advisory & management fees | $119,620 |
| Benefits paid out | $48,353,925 |
| Net assets, start / end of year | $460.1M / $522.4M |
| Active participants, start / end of year | 5,282 / 5,170 |
| Participants with account balances | 5,859 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Atlas Cpas & Advisors PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $947,651 reported compensation |
| Creative Planning, LLC | $120,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009124647NAL0003918899001, received 2025-10-09, EIN 37-1131470, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.