Nixon Uniform Service, Inc. 401(k) Review & Grade
Nixon Uniform Service, Inc. Retirement Savings Plan
New Castle, DEOther Services619 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,270Employer $ per active participant
$3,844Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$30.6MNet plan assets, end of year
$39,317Average balance per account
Score breakdown
- Employer generosity25.2 / 5050th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 31th |
| Employee saving | 65th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,620 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nixon Uniform Service put in about $1,270 per active participant, more than the typical peer ($1,257). 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.
- Direct plan expenses (0.39% 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 | $785,969 |
| Participant (employee) contributions | $2,379,505 |
| Other contributions (incl. rollovers in) | $131,638 |
| Administrative expenses paid from the plan | $111,758 |
| Investment advisory & management fees | $19,632 |
| Benefits paid out | $2,572,819 |
| Net assets, start / end of year | $26.2M / $30.6M |
| Active participants, start / end of year | 549 / 689 |
| Participants with account balances | 779 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kreischer Miller |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $92,126 reported compensation |
| Wilmington Trust National Assoc | $19,632 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915140752NAL0000738819001, received 2025-09-15, EIN 51-0108047, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.