Natel Engineering Company, LLC 401(k) Review & Grade
Neo Tech Employee 401(k) Savings & Investment Plan
Chatsworth, CAManufacturing728 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,371Employer $ per active participant
$5,605Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$89.5MNet plan assets, end of year
$95,039Average balance per account
Score breakdown
- Employer generosity13.6 / 5027th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 64th |
| Employee saving | 60th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $24,549 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Natel Engineering Company put in about $1,371 per active participant, below the typical peer ($2,320). 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.
- 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 | $998,354 |
| Participant (employee) contributions | $4,080,121 |
| Other contributions (incl. rollovers in) | $516,408 |
| Administrative expenses paid from the plan | $125,955 |
| Investment advisory & management fees | $26,426 |
| Benefits paid out | $10,712,946 |
| Net assets, start / end of year | $83.7M / $89.5M |
| Active participants, start / end of year | 783 / 673 |
| Participants with account balances | 942 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | JGD & Associates LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $99,529 reported compensation |
| Sageview Advisory Group, LLC | $23,913 reported compensation |
| Sageview Advisory Group LLC | $2,513 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008154729NAL0003127299001, received 2025-10-08, EIN 95-2923789, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.