Ned Stevens Gutter Cleaning & General Contracting of New Jersey, LLC 401(k) Review & Grade
Ned's Home 401(k) Plan
Fairfield, NJAdministrative, Support & Staffing Services767 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$284Employer $ per active participant
$528Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$4.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.0 / 5034th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 36th |
| Employee saving | 20th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $54,332 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ned Stevens Gutter Cleaning & General Contracting of New Jersey put in about $284 per active participant, below the typical peer ($712). 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.
- 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.
- 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 | $217,797 |
| Participant (employee) contributions | $404,641 |
| Other contributions (incl. rollovers in) | $410,244 |
| Administrative expenses paid from the plan | $8,842 |
| Benefits paid out | $425,203 |
| Net assets, start / end of year | $470,091 / $4.7M |
| Active participants, start / end of year | 581 / 953 |
| Participants with account balances | 135 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015082302NAL0002017171001, received 2025-10-15, EIN 81-4066824, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.