Nichiha U.S.A., Inc. 401(k) Review & Grade
Nichiha U.S.A., Inc. 401(k) Profit Sharing Plan
Macon, GAManufacturing695 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$757Employer $ per active participant
$2,241Employee $ saved per active participant
1.22%Direct admin cost, % of plan assets
$11.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.8 / 5012th percentile for employer $ per participant
- Low cost1.1 / 254th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 4th |
| Employee saving | 15th |
| Peers that auto-enroll | 59% |
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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
- Nichiha U.S.A. put in about $757 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.
- Direct plan expenses (1.22% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $526,144 |
| Participant (employee) contributions | $1,557,353 |
| Other contributions (incl. rollovers in) | $407,122 |
| Administrative expenses paid from the plan | $127,824 |
| Contract administrator fees | $80,824 |
| Investment advisory & management fees | $29,000 |
| Benefits paid out | $1,688,178 |
| Net assets, start / end of year | $9.6M / $11.4M |
| Active participants, start / end of year | 671 / 719 |
| Participants with account balances | 322 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Skibbie CPA, Inc. |
Largest service providers (Schedule C)
| Gallagher Fiduciary Advsiors, LLC | $67,403 reported compensation |
| Principal Life Insurance Company | $67,303 reported compensation |
| Skibbie CPA Inc | $18,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909102142NAL0012524755001, received 2025-09-09, EIN 58-2401503, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.