Northland Investment Corporation 401(k) Review & Grade
Northland Investment Corporation 401(k) Plan
Newton, MAReal Estate & Rental686 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,509Employer $ per active participant
$4,293Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$30.9MNet plan assets, end of year
$32,289Average balance per account
Score breakdown
- Employer generosity28.3 / 5057th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 36th |
| Employee saving | 58th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,454 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Northland Investment put in about $1,509 per active participant, more than the typical peer ($1,279). 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 | $1,035,159 |
| Participant (employee) contributions | $2,944,939 |
| Other contributions (incl. rollovers in) | $776,810 |
| Administrative expenses paid from the plan | $93,879 |
| Benefits paid out | $1,449,030 |
| Net assets, start / end of year | $24.3M / $30.9M |
| Active participants, start / end of year | 664 / 708 |
| Participants with account balances | 956 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | WS Cpas |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $93,879 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015105345NAL0002280259001, received 2025-10-15, EIN 22-3137052, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.