Nash Johnson & Sons' Farm, Inc. 401(k) Review & Grade
Nash Johnson & Sons' Svgs & Ret Plan
Rose Hill, NCAgriculture, Forestry, Fishing & Hunting3,218 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$710Employer $ per active participant
$1,383Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$56.9MNet plan assets, end of year
$20,414Average balance per account
Score breakdown
- Employer generosity13.5 / 5027th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 13th |
| Employee saving | 19th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($624,160 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $106,978 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nash Johnson & Sons' Farm put in about $710 per active participant, below the typical peer ($2,062). 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 (0.49% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,286,240 |
| Participant (employee) contributions | $4,451,421 |
| Other contributions (incl. rollovers in) | $615,751 |
| Administrative expenses paid from the plan | $264,688 |
| Contract administrator fees | $214,479 |
| Investment advisory & management fees | $50,209 |
| Benefits paid out | $6,741,573 |
| Net assets, start / end of year | $50.5M / $56.9M |
| Active participants, start / end of year | 3,041 / 3,395 |
| Participants with account balances | 2,788 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frost, PLLC |
Largest service providers (Schedule C)
| Ascensus LLC | $214,479 reported compensation |
| Ubs Financial Services | $34,266 reported compensation |
| Resources Investment Advisors. | $15,281 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014145020NAL0001532451001, received 2025-10-14, EIN 56-0738561, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.