North Eastern Services, Inc. 401(k) Review & Grade
North Eastern Services 401(k) Plan
Orem, UTHealth Care & Social Assistance832 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$129Employer $ per active participant
$377Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$2.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.6 / 5017th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 76th |
| Employee saving | 7th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $478 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- North Eastern Services put in about $129 per active participant, below the typical peer ($976). 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 | $107,523 |
| Participant (employee) contributions | $313,421 |
| Other contributions (incl. rollovers in) | $20,045 |
| Administrative expenses paid from the plan | $1,820 |
| Contract administrator fees | $1,820 |
| Benefits paid out | $154,539 |
| Net assets, start / end of year | $1.7M / $2.3M |
| Active participants, start / end of year | 817 / 846 |
| Participants with account balances | 150 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hintonburdick, PLLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $1,820 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818175427NAL0000769763001, received 2025-08-18, EIN 87-0652539, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.