Nebraska Furniture Mart, Inc. 401(k) Review & Grade
The Nebraska Furniture Mart, Inc. Profit Sharing Plan
Omaha, NERetail Trade4,760 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,442Employer $ per active participant
$4,930Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$400.2MNet plan assets, end of year
$67,904Average balance per account
Score breakdown
- Employer generosity38.5 / 5077th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 44th |
| Employee saving | 88th |
| Peers that auto-enroll | 42% |
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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
- Nebraska Furniture Mart put in about $1,442 per active participant, more than the typical peer ($650). 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 | $6,862,696 |
| Participant (employee) contributions | $23,465,798 |
| Other contributions (incl. rollovers in) | $2,585,328 |
| Administrative expenses paid from the plan | $547,160 |
| Investment advisory & management fees | $132,852 |
| Other admin expenses | $8,037 |
| Benefits paid out | $29,337,012 |
| Net assets, start / end of year | $349.4M / $400.2M |
| Active participants, start / end of year | 4,880 / 4,640 |
| Participants with account balances | 5,893 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $452,574 reported compensation |
| Whitley Penn LLP | $50,500 reported compensation |
| Vanguard Advisers Inc. | $46,175 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250618085455NAL0005434626001, received 2025-06-18, EIN 47-0428274, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.