NC Transaction, Inc. 401(k) Review & Grade
News Corp 401(k) Savings Plan
New York, NYInformation8,140 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,459Employer $ per active participant
$11,949Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$3.7BNet plan assets, end of year
$264,435Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 84th |
| Employee saving | 69th |
| Peers that auto-enroll | 63% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $37,338 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- NC Transaction put in about $6,459 per active participant, more than the typical peer ($3,691). 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 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 | $52,580,798 |
| Participant (employee) contributions | $97,269,556 |
| Other contributions (incl. rollovers in) | $19,841,852 |
| Administrative expenses paid from the plan | $1,367,142 |
| Investment advisory & management fees | $255,314 |
| Other admin expenses | $30,000 |
| Benefits paid out | $297,092,785 |
| Net assets, start / end of year | $3.2B / $3.7B |
| Active participants, start / end of year | 8,267 / 8,014 |
| Participants with account balances | 13,837 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Fidelity Inv. Inst. Oper. Co., Inc. | $608,927 reported compensation |
| Thompson Hine LLP | $366,984 reported compensation |
| Dimeo Schneider & Associates LLC | $168,299 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010092228NAL0007862497001, received 2025-10-10, EIN 46-1138762, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.