Norpac Resources, LLC 401(k) Review & Grade
Norpac Resources,llc 401(k) Profit Sharing Plan
Longview, WAManufacturing506 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,032Employer $ per active participant
$9,474Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$60.7MNet plan assets, end of year
$106,611Average balance per account
Score breakdown
- Employer generosity45.7 / 5091th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 56th |
| Employee saving | 88th |
| 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
- Norpac Resources put in about $7,032 per active participant, more than the typical peer ($2,320). 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.
- 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.
- 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 | $3,558,153 |
| Participant (employee) contributions | $4,793,990 |
| Other contributions (incl. rollovers in) | $341,874 |
| Administrative expenses paid from the plan | $105,357 |
| Benefits paid out | $6,345,789 |
| Net assets, start / end of year | $51.2M / $60.7M |
| Active participants, start / end of year | 515 / 497 |
| Participants with account balances | 569 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark Nuber P.S. |
Largest service providers (Schedule C)
| Northwest Plan Services | $64,960 reported compensation |
| Clark Nuber P.S. | $19,684 reported compensation |
| Charles Schwab Trust Bank | $19,363 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013141621NAL0000703251001, received 2025-10-13, EIN 68-0568571, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.