Nilfisk, Inc. 401(k) Review & Grade
Nilfisk Group U.S. 401(k) Retirement Plan
Brooklyn Park, MNManufacturing648 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,856Employer $ per active participant
$8,285Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$99.8MNet plan assets, end of year
$111,095Average balance per account
Score breakdown
- Employer generosity36.7 / 5073th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 70th |
| Employee saving | 82th |
| 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
- Nilfisk put in about $3,856 per active participant, more than the typical peer ($2,320). 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.
- 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 | $2,498,881 |
| Participant (employee) contributions | $5,368,798 |
| Other contributions (incl. rollovers in) | $916,230 |
| Administrative expenses paid from the plan | $110,909 |
| Investment advisory & management fees | $21,847 |
| Benefits paid out | $8,046,820 |
| Net assets, start / end of year | $86.5M / $99.8M |
| Active participants, start / end of year | 660 / 636 |
| Participants with account balances | 898 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Copeland Buhl & Company Pllp |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $89,097 reported compensation |
| Strategic Advisors, Inc. | $21,847 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828143559NAL0005622499001, received 2025-08-28, EIN 41-0116040, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.