National Auto Parts Warehouse, LLC 401(k) Review & Grade
Npw401k
Hialeah, FLWholesale Trade644 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$554Employer $ per active participant
$954Employee $ saved per active participant
0.96%Direct admin cost, % of plan assets
$5.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.7 / 509th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 7th |
| Employee saving | 4th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- National Auto Parts Warehouse put in about $554 per active participant, below the typical peer ($1,792). 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.
- Direct plan expenses (0.96% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $356,454 |
| Participant (employee) contributions | $614,259 |
| Other contributions (incl. rollovers in) | $36,502 |
| Administrative expenses paid from the plan | $53,265 |
| Contract administrator fees | $53,265 |
| Benefits paid out | $898,711 |
| Net assets, start / end of year | $5.2M / $5.9M |
| Active participants, start / end of year | 697 / 591 |
| Participants with account balances | 187 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $53,264 reported compensation |
| MML Insurance Agency LLC | $10,853 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007122457NAL0002457987001, received 2025-10-07, EIN 65-0279358, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.