Norcom Realty Corp. 401(k) Review & Grade
Norcom Realty & Affiliates 401(k) Plan
Seffner, FLTransportation & Warehousing536 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$256Employer $ per active participant
$1,302Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$6.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.1 / 5012th percentile for employer $ per participant
- Low cost18.1 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 72th |
| Employee saving | 18th |
| Peers that auto-enroll | 37% |
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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
- Norcom Realty put in about $256 per active participant, below the typical peer ($1,070). 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.
- 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 | $137,233 |
| Participant (employee) contributions | $698,391 |
| Other contributions (incl. rollovers in) | $31,498 |
| Administrative expenses paid from the plan | $7,143 |
| Other admin expenses | $7,143 |
| Benefits paid out | $1,132,314 |
| Net assets, start / end of year | $6.4M / $6.9M |
| Active participants, start / end of year | 549 / 524 |
| Participants with account balances | 210 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Accell CPA & Associates, P.A. |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $15,901 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014103457NAL0002537441001, received 2025-10-14, EIN 11-3318787, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.