CB Neptune Holdings LLC 401(k) Review & Grade
CB Neptune Holdings LLC 401(k) Plan
Jersey City, NJProfessional, Scientific & Technical Services2,789 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$57Employer $ per active participant
$1,010Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$32.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.1 / 508th percentile for employer $ per participant
- Low cost13.4 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 54th |
| Employee saving | 9th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,142,353 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- CB Neptune Holdings put in about $57 per active participant, below the typical peer ($2,951). 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 | $158,314 |
| Participant (employee) contributions | $2,817,499 |
| Other contributions (incl. rollovers in) | $406,465 |
| Administrative expenses paid from the plan | $34,525 |
| Contract administrator fees | $34,525 |
| Benefits paid out | $758,584 |
| Net assets, start / end of year | $29.5M / $32.7M |
| Active participants, start / end of year | 3,217 / 2,361 |
| Participants with account balances | 838 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PWC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $34,525 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013081645NAL0001480000001, received 2025-10-13, EIN 85-0600963, plan #001, plan year 2024-07-01 to 2024-12-31. Verify at efast.dol.gov.