National Seating & Mobility, Inc. 401(k) Review & Grade
National Seating & Mobility, Inc. 401(k) Plan
Chattanooga, TNRetail Trade2,108 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$773Employer $ per active participant
$4,182Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$90.8MNet plan assets, end of year
$32,406Average balance per account
Score breakdown
- Employer generosity25.6 / 5051th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 31th |
| Employee saving | 69th |
| Peers that auto-enroll | 48% |
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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 Seating & Mobility put in about $773 per active participant, more than the typical peer ($743). 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 (0.39% 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.
- 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 | $1,628,693 |
| Participant (employee) contributions | $8,815,337 |
| Other contributions (incl. rollovers in) | $1,871,037 |
| Administrative expenses paid from the plan | $328,159 |
| Investment advisory & management fees | $82,578 |
| Other admin expenses | $11,940 |
| Benefits paid out | $8,659,989 |
| Net assets, start / end of year | $76.8M / $90.8M |
| Active participants, start / end of year | 2,019 / 2,197 |
| Participants with account balances | 2,802 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $215,241 reported compensation |
| Sageview Advisory Group LLC | $82,578 reported compensation |
| Lbmc PC | $18,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905140226NAL0017207425001, received 2025-09-05, EIN 62-1400785, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.