Nederman Holding USA, Inc. 401(k) Review & Grade
Nederman Holding USA, Inc. 401(k) Plan
Charlotte, NCManufacturing568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,191Employer $ per active participant
$4,306Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$41.7MNet plan assets, end of year
$93,315Average balance per account
Score breakdown
- Employer generosity23.7 / 5047th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 49th |
| Employee saving | 41th |
| Peers that auto-enroll | 59% |
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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 ($101,788 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Nederman Holding USA put in about $2,191 per active participant, below the typical peer ($2,320). 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.
- 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 | $1,244,328 |
| Participant (employee) contributions | $2,445,556 |
| Other contributions (incl. rollovers in) | $324,709 |
| Administrative expenses paid from the plan | $93,364 |
| Investment advisory & management fees | $62,215 |
| Benefits paid out | $4,834,665 |
| Net assets, start / end of year | $37.7M / $41.7M |
| Active participants, start / end of year | 574 / 562 |
| Participants with account balances | 447 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Greer Walker LLP |
Largest service providers (Schedule C)
| Beacon Pointe Investment Advisory | $62,215 reported compensation |
| MVP Plan Administrators | $19,464 reported compensation |
| Charles Schwab Trust Bank | $11,503 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250718145622NAL0000909219001, received 2025-07-18, EIN 80-0699546, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.