National Coney Island, Inc. 401(k) Review & Grade
Nci Retirement Plan
Roseville, MIAccommodation & Food Services635 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$208Employer $ per active participant
$480Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$4.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity21.3 / 5043th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 22th |
| Employee saving | 29th |
| Peers that auto-enroll | 17% |
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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
- National Coney Island put in about $208 per active participant, below the typical peer ($266). 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 (0.52% 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.
- 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 | $131,939 |
| Participant (employee) contributions | $304,553 |
| Other contributions (incl. rollovers in) | $6,637 |
| Administrative expenses paid from the plan | $23,923 |
| Contract administrator fees | $12,827 |
| Investment advisory & management fees | $11,096 |
| Benefits paid out | $232,557 |
| Net assets, start / end of year | $4.3M / $4.9M |
| Active participants, start / end of year | 656 / 614 |
| Participants with account balances | 146 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bultynck & Co., P.L.L.C. |
Largest service providers (Schedule C)
| John Hancock | $13,016 reported compensation |
| M Holdings Securities, Inc. | $10,908 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910095408NAL0013086243001, received 2025-09-10, EIN 38-1907089, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.