N & M Transfer Co., Inc. 401(k) Review & Grade
N & M Transfer Co. Inc. 401(k) Profit Sharing Plan
Neenah, WITransportation & Warehousing686 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,212Employer $ per active participant
$3,710Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$110.9MNet plan assets, end of year
$154,729Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost19.7 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 79th |
| Employee saving | 59th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($64,089 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- N & M Transfer Co. put in about $3,212 per active participant, more than the typical peer ($1,070). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,203,200 |
| Participant (employee) contributions | $2,545,089 |
| Other contributions (incl. rollovers in) | $8,863 |
| Administrative expenses paid from the plan | $89,037 |
| Benefits paid out | $12,865,406 |
| Net assets, start / end of year | $107.0M / $110.9M |
| Active participants, start / end of year | 712 / 660 |
| Participants with account balances | 717 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $89,037 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260612135427NAL0006028369001, received 2026-06-12, EIN 39-1389333, plan #001, plan year 2024-09-01 to 2025-08-31. Verify at efast.dol.gov.