Nu Skin Enterprises, Inc. 401(k) Review & Grade
Retire Ready 401(k) Plan
Provo, UTWholesale Trade1,446 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,927Employer $ per active participant
$7,289Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$237.2MNet plan assets, end of year
$108,124Average balance per account
Score breakdown
- Employer generosity36.6 / 5073th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 73th |
| Employee saving | 81th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,876 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nu Skin Enterprises put in about $2,927 per active participant, more than the typical peer ($1,792). 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 | $4,232,464 |
| Participant (employee) contributions | $10,539,411 |
| Other contributions (incl. rollovers in) | $997,954 |
| Administrative expenses paid from the plan | $237,527 |
| Contract administrator fees | $237,527 |
| Benefits paid out | $32,688,880 |
| Net assets, start / end of year | $225.3M / $237.2M |
| Active participants, start / end of year | 1,509 / 1,383 |
| Participants with account balances | 2,194 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $237,527 reported compensation |
| Resources Investment Advisors Inc | $90,351 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923124901NAL0002561779001, received 2025-09-23, EIN 87-0565309, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.