Nen Holdings, LLC 401(k) Review & Grade
Nextedge 401(k) Plan
Alpharetta, GAInformation600 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,005Employer $ per active participant
$3,819Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$27.1MNet plan assets, end of year
$63,669Average balance per account
Score breakdown
- Employer generosity16.0 / 5032th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 28th |
| Employee saving | 14th |
| Peers that auto-enroll | 59% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($188,044 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Nen Holdings put in about $2,005 per active participant, below the typical peer ($2,829). 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 (0.43% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,201,950 |
| Participant (employee) contributions | $2,289,456 |
| Other contributions (incl. rollovers in) | $816,917 |
| Administrative expenses paid from the plan | $98,252 |
| Contract administrator fees | $98,252 |
| Benefits paid out | $1,074,096 |
| Net assets, start / end of year | $18.6M / $27.1M |
| Active participants, start / end of year | 635 / 564 |
| Participants with account balances | 426 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Moore Colson & Company, P.C. |
Largest service providers (Schedule C)
| Usi Securities, Inc. | $44,078 reported compensation |
| Usi Consulting Group, Inc. | $10,996 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919115958NAL0002478225001, received 2025-09-19, EIN 85-2586640, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.