Nebraska Beef, LTD. 401(k) Review & Grade
Nebraska Beef, LTD 401(k) Profit Sharing Plan
Omaha, NEAgriculture, Forestry, Fishing & Hunting968 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$324Employer $ per active participant
$1,684Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$20.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.0 / 5024th percentile for employer $ per participant
- Low cost15.4 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 62th |
| Employee saving | 44th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $109,189 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nebraska Beef put in about $324 per active participant, below the typical peer ($774). 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 | $313,383 |
| Participant (employee) contributions | $1,629,608 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $31,082 |
| Contract administrator fees | $31,082 |
| Benefits paid out | $2,573,127 |
| Net assets, start / end of year | $18.9M / $20.4M |
| Active participants, start / end of year | 1,005 / 930 |
| Participants with account balances | 473 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mcmillen Dovali Co., P.C. |
Largest service providers (Schedule C)
| Mcmillen Dovali Co. | $16,620 reported compensation |
| Ascensus Holdings, Inc. | $11,340 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015164045NAL0002649235001, received 2025-10-15, EIN 47-0780054, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.