Neill Corporation 401(k) Review & Grade
Neill Corporation 401(k) Profit Sharing Plan & Trust
Hammond, LAWholesale Trade790 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$895Employer $ per active participant
$2,754Employee $ saved per active participant
0.78%Direct admin cost, % of plan assets
$34.5MNet plan assets, end of year
$29,338Average balance per account
Score breakdown
- Employer generosity10.0 / 5020th percentile for employer $ per participant
- Low cost2.7 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 11th |
| Employee saving | 19th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,480 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Neill put in about $895 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 (0.78% 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.
- 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 | $707,843 |
| Participant (employee) contributions | $2,176,714 |
| Other contributions (incl. rollovers in) | $198,532 |
| Administrative expenses paid from the plan | $248,433 |
| Contract administrator fees | $248,433 |
| Benefits paid out | $1,714,519 |
| Net assets, start / end of year | $29.6M / $34.5M |
| Active participants, start / end of year | 765 / 816 |
| Participants with account balances | 1,175 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wegmann Dazet & Co. |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $168,293 reported compensation |
| MML Investors Services LLC | $58,308 reported compensation |
| The Haslauer Group, Inc | $39,695 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415165149NAL0035151954001, received 2026-04-15, EIN 72-0649784, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.