Nelson Global Products Inc. 401(k) Review & Grade
Nelson Global Products 401k Plan
Stoughton, WIManufacturing1,051 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,048Employer $ per active participant
$2,880Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$59.2MNet plan assets, end of year
$72,099Average balance per account
Score breakdown
- Employer generosity9.1 / 5018th percentile for employer $ per participant
- Low cost9.6 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 39th |
| Employee saving | 21th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $24,381 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nelson Global Products put in about $1,048 per active participant, below the typical peer ($2,320). 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 | $1,101,016 |
| Participant (employee) contributions | $3,026,640 |
| Other contributions (incl. rollovers in) | $1,143,779 |
| Administrative expenses paid from the plan | $182,459 |
| Contract administrator fees | $171,226 |
| Benefits paid out | $8,033,708 |
| Net assets, start / end of year | $55.6M / $59.2M |
| Active participants, start / end of year | 1,092 / 1,010 |
| Participants with account balances | 821 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $171,226 reported compensation |
| Creative Planning, Inc. | $82,445 reported compensation |
| Baker Tilly US, LLP | $11,235 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930125544NAL0005498867001, received 2025-09-30, EIN 27-3318413, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.