Natixis North America LLC 401(k) Review & Grade
The Natixis US Group 401(k) Plan
New York, NYFinance & Insurance842 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$18,443Employer $ per active participant
$19,255Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$470.6MNet plan assets, end of year
$330,677Average balance per account
Score breakdown
- Employer generosity49.3 / 5099th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score92 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 87th |
| Employee saving | 96th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,344 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Natixis North America put in about $18,443 per active participant, more than the typical peer ($3,606). 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 | $15,528,756 |
| Participant (employee) contributions | $16,212,578 |
| Other contributions (incl. rollovers in) | $1,467,978 |
| Administrative expenses paid from the plan | $220,571 |
| Investment advisory & management fees | $101,613 |
| Benefits paid out | $19,424,006 |
| Net assets, start / end of year | $389.4M / $470.6M |
| Active participants, start / end of year | 835 / 849 |
| Participants with account balances | 1,423 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $158,117 reported compensation |
| Fisher Investments | $51,178 reported compensation |
| Kirk Capital Advisors LLC | $11,227 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251031142332NAL0003074641001, received 2025-10-31, EIN 27-2765452, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.