North American Science Associates, LLC 401(k) Review & Grade
North American Science Associates, LLC Profit Sharing & 401(k) Plan
Northwood, OHProfessional, Scientific & Technical Services973 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,794Employer $ per active participant
$9,016Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$120.6MNet plan assets, end of year
$88,740Average balance per account
Score breakdown
- Employer generosity22.9 / 5046th percentile for employer $ per participant
- Low cost16.9 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 68th |
| Employee saving | 49th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,272 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- North American Science Associates put in about $2,794 per active participant, below the typical peer ($3,082). 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 | $2,718,140 |
| Participant (employee) contributions | $8,772,174 |
| Other contributions (incl. rollovers in) | $1,073,945 |
| Administrative expenses paid from the plan | $147,830 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $165,607 |
| Benefits paid out | $19,606,962 |
| Net assets, start / end of year | $111.6M / $120.6M |
| Active participants, start / end of year | 1,058 / 888 |
| Participants with account balances | 1,359 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Meaden & Moore, LTD |
Largest service providers (Schedule C)
| Cbiz Investment Advisory Services | $140,677 reported compensation |
| Rehman Robson | $25,316 reported compensation |
| Strategic Advisors, Inc. | $24,930 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015104947NAL0004632369001, received 2025-10-15, EIN 34-1020232, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.