NSM Insurance Services, LLC 401(k) Review & Grade
NSM Insurance Group 401(k) Plan
Conshohocken, PAFinance & Insurance822 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,917Employer $ per active participant
$5,794Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$58.3MNet plan assets, end of year
$65,140Average balance per account
Score breakdown
- Employer generosity27.1 / 5054th percentile for employer $ per participant
- Low cost10.2 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 41th |
| Employee saving | 33th |
| Peers that auto-enroll | 62% |
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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
- NSM Insurance Services put in about $3,917 per active participant, more than the typical peer ($3,606). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,217,882 |
| Participant (employee) contributions | $4,759,634 |
| Other contributions (incl. rollovers in) | $1,502,754 |
| Administrative expenses paid from the plan | $176,059 |
| Contract administrator fees | $58,509 |
| Investment advisory & management fees | $29,136 |
| Other admin expenses | $88,414 |
| Benefits paid out | $8,274,762 |
| Net assets, start / end of year | $60.0M / $58.3M |
| Active participants, start / end of year | 947 / 696 |
| Participants with account balances | 895 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kreischer Miller |
Largest service providers (Schedule C)
| Lincoln National Corporation | $61,664 reported compensation |
| Principal Life Insurance Company | $58,509 reported compensation |
| Trinity Investment Advisors, LLC | $41,669 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015112822NAL0009328818001, received 2025-10-15, EIN 83-0348144, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.