Nibe Energy Systems, Inc. 401(k) Review & Grade
Nibe USA 401(k) Retirement Plan
FT. Wayne, INManagement of Companies2,823 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,247Employer $ per active participant
$3,898Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$157.4MNet plan assets, end of year
$48,389Average balance per account
Score breakdown
- Employer generosity15.3 / 5031th percentile for employer $ per participant
- Low cost5.1 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 20th |
| Employee saving | 17th |
| Peers that auto-enroll | 58% |
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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
- Nibe Energy Systems put in about $2,247 per active participant, below the typical peer ($3,455). 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.
- Direct plan expenses (0.33% of assets) are well above similar-size plans (0.12%). 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 | $6,343,752 |
| Participant (employee) contributions | $11,004,100 |
| Other contributions (incl. rollovers in) | $1,574,629 |
| Administrative expenses paid from the plan | $487,813 |
| Contract administrator fees | $2,100 |
| Investment advisory & management fees | $161,255 |
| Other admin expenses | $73,220 |
| Benefits paid out | $17,957,713 |
| Net assets, start / end of year | $139.0M / $157.4M |
| Active participants, start / end of year | 2,787 / 2,859 |
| Participants with account balances | 3,253 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $253,338 reported compensation |
| Phillips Financial Management LLC | $161,255 reported compensation |
| Nyhart | $59,987 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015113730NAL0009011122001, received 2025-10-15, EIN 99-0368191, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.