Moffatt & Nichol 401(k) Review & Grade
Moffatt & Nichol 401(k) Profit Sharing Plan
Long Beach, CAProfessional, Scientific & Technical Services978 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,827Employer $ per active participant
$11,107Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$230.4MNet plan assets, end of year
$203,708Average balance per account
Score breakdown
- Employer generosity36.0 / 5072th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 86th |
| Employee saving | 68th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $12,410 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Moffatt & Nichol put in about $4,827 per active participant, more than the typical peer ($3,082). 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 | $4,723,177 |
| Participant (employee) contributions | $10,868,578 |
| Other contributions (incl. rollovers in) | $2,141,822 |
| Administrative expenses paid from the plan | $114,014 |
| Contract administrator fees | −$37,007 |
| Investment advisory & management fees | $54,051 |
| Benefits paid out | $10,894,225 |
| Net assets, start / end of year | $194.1M / $230.4M |
| Active participants, start / end of year | 933 / 1,024 |
| Participants with account balances | 1,131 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $118,505 reported compensation |
| Alphapoint Inc | $22,500 reported compensation |
| Ep Wealth Advisors LLC | $9,187 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251027164207NAL0005833025001, received 2025-10-27, EIN 95-1951343, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.