Nlight, Inc. 401(k) Review & Grade
Nlight, Inc. 401(k) Plan
Camas, WAManufacturing640 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,633Employer $ per active participant
$9,623Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$69.4MNet plan assets, end of year
$79,252Average balance per account
Score breakdown
- Employer generosity28.2 / 5056th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 47th |
| Employee saving | 88th |
| 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
- Nlight put in about $2,633 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 | $1,686,156 |
| Participant (employee) contributions | $6,163,353 |
| Other contributions (incl. rollovers in) | $1,602,804 |
| Administrative expenses paid from the plan | $157,804 |
| Investment advisory & management fees | $59,159 |
| Benefits paid out | $4,505,321 |
| Net assets, start / end of year | $56.6M / $69.4M |
| Active participants, start / end of year | 645 / 636 |
| Participants with account balances | 876 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KBF Cpas - Audit, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $98,645 reported compensation |
| Phillips & Company Securities Inc | $44,221 reported compensation |
| Gallagher Fiduciary Advisors LLC | $14,938 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918131021NAL0001450737001, received 2025-09-18, EIN 91-2066376, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.