Napa Management Services Corporation 401(k) Review & Grade
Napa Management Services Corporation 401(k) Plan
Melville, NYHealth Care & Social Assistance3,888 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,167Employer $ per active participant
$16,912Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$257,888Average balance per account
Score breakdown
- Employer generosity48.9 / 5098th percentile for employer $ per participant
- Low cost22.2 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score96 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 89th |
| Employee saving | 100th |
| Peers that auto-enroll | 38% |
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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
- Napa Management Services put in about $9,167 per active participant, more than the typical peer ($800). 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 | $35,638,513 |
| Participant (employee) contributions | $65,747,012 |
| Other contributions (incl. rollovers in) | $11,361,773 |
| Administrative expenses paid from the plan | $473,688 |
| Other admin expenses | $473,688 |
| Benefits paid out | $266,062,534 |
| Net assets, start / end of year | $1.4B / $1.5B |
| Active participants, start / end of year | 4,110 / 3,665 |
| Participants with account balances | 5,751 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bacheler & Company, P.C. |
Largest service providers (Schedule C)
| Empower Annuity Ins. Co. of America | $282,884 reported compensation |
| Creative Planning Holdco LLC | $156,250 reported compensation |
| Bacheler and Company, P.C. | $115,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015081805NAL0002011939001, received 2025-10-15, EIN 11-3635685, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.