Norco Industries, Inc. 401(k) Review & Grade
Norco Industries, Inc. 401(k) Plan
Compton, INManufacturing684 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$693Employer $ per active participant
$1,235Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$6.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.1 / 5010th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 89th |
| Employee saving | 5th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Norco Industries put in about $693 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 | $473,414 |
| Participant (employee) contributions | $844,288 |
| Other contributions (incl. rollovers in) | $65,530 |
| Administrative expenses paid from the plan | $2,338 |
| Benefits paid out | $180,706 |
| Net assets, start / end of year | $4.5M / $6.3M |
| Active participants, start / end of year | 673 / 694 |
| Participants with account balances | 218 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kruggel, Lawton & Company |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Svcs. | $2,338 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010071806NAL0004401667001, received 2025-10-10, EIN 95-6086111, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.