Nluc, PLLC 401(k) Review & Grade
Next Level 401(k) Plan
Houston, TXHealth Care & Social Assistance778 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,154Employer $ per active participant
$3,917Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$24.2MNet plan assets, end of year
$43,327Average balance per account
Score breakdown
- Employer generosity36.5 / 5073th percentile for employer $ per participant
- Low cost23.1 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 93th |
| Employee saving | 67th |
| Peers that auto-enroll | 36% |
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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 ($1,207,121 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
- Nluc, PLLC put in about $2,154 per active participant, more than the typical peer ($976). 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.
- 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 | $1,675,113 |
| Participant (employee) contributions | $3,045,219 |
| Other contributions (incl. rollovers in) | $572,551 |
| Administrative expenses paid from the plan | $6,699 |
| Benefits paid out | $2,626,006 |
| Net assets, start / end of year | $18.6M / $24.2M |
| Active participants, start / end of year | 774 / 781 |
| Participants with account balances | 559 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Robertson & Robertson PLLC |
Largest service providers (Schedule C)
| Fidelity Workplace Services LLC | $6,699 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820063822NAL0003001425001, received 2025-08-20, EIN 35-2470800, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.