NFM & J, LLC DBA the Facilities 401(k) Review & Grade
The Facilities Group 401(k) Plan
Tampa, FLAdministrative, Support & Staffing Services4,318 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$318Employer $ per active participant
$744Employee $ saved per active participant
1.19%Direct admin cost, % of plan assets
$10.2MNet plan assets, end of year
$4,417Average balance per account
Score breakdown
- Employer generosity24.2 / 5048th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 3th |
| Employee saving | 37th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,567 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- NFM & J, LLC DBA the Facilities put in about $318 per active participant, below the typical peer ($342). 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 (1.19% of assets) are well above similar-size plans (0.12%). 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 | $1,373,980 |
| Participant (employee) contributions | $3,213,336 |
| Other contributions (incl. rollovers in) | $777,937 |
| Administrative expenses paid from the plan | $96,936 |
| Investment advisory & management fees | $29,638 |
| Benefits paid out | $1,933,862 |
| Net assets, start / end of year | $6.0M / $10.2M |
| Active participants, start / end of year | 4,489 / 4,146 |
| Participants with account balances | 2,320 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Warren Averett LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $67,298 reported compensation |
| Morgan Stanley Smith Barney | $29,637 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015142102NAL0010044306001, received 2025-10-15, EIN 84-4968763, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.