Naes Corporation 401(k) Review & Grade
Greenberry Industrial LLC Profit Sharing 401(k) Plan
Vancouver, WAConstruction894 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$796Employer $ per active participant
$2,130Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$31.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.0 / 5026th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 75th |
| Employee saving | 23th |
| Peers that auto-enroll | 44% |
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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
- Naes put in about $796 per active participant, below the typical peer ($1,672). 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 | $712,430 |
| Participant (employee) contributions | $1,905,660 |
| Other contributions (incl. rollovers in) | $59,784 |
| Administrative expenses paid from the plan | $28,219 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $12,578 |
| Benefits paid out | $2,358,721 |
| Net assets, start / end of year | $27.2M / $31.4M |
| Active participants, start / end of year | 561 / 1,228 |
| Participants with account balances | 356 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Howell Straczek LL |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $15,821 reported compensation |
| Strategic Advisors, Inc. | $12,578 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014111535NAL0002726049001, received 2025-10-14, EIN 20-8940196, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.