Navarro Research and Engineering, Inc. 401(k) Review & Grade
Navarro Research and Engineering, Inc. 401(k) Plan
Oak Ridge, TNAdministrative, Support & Staffing Services576 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,694Employer $ per active participant
$10,940Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$72.4MNet plan assets, end of year
$82,681Average balance per account
Score breakdown
- Employer generosity46.1 / 5092th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 57th |
| Employee saving | 96th |
| Peers that auto-enroll | 27% |
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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 ($82,758 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,895 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Navarro Research and Engineering put in about $3,694 per active participant, more than the typical peer ($712). 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.
- 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.
- 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 | $2,129,745 |
| Participant (employee) contributions | $6,306,848 |
| Other contributions (incl. rollovers in) | $1,136,125 |
| Administrative expenses paid from the plan | $127,040 |
| Investment advisory & management fees | $49,971 |
| Benefits paid out | $11,757,951 |
| Net assets, start / end of year | $65.3M / $72.4M |
| Active participants, start / end of year | 563 / 590 |
| Participants with account balances | 876 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rodefer Moss & Company |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Svcs. | $77,069 reported compensation |
| Rather & Kittrell Inc | $49,971 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015124201NAL0002308403001, received 2025-10-15, EIN 62-1553678, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.