Nutrition, Inc. 401(k) Review & Grade
Nutrition, Inc. 401(k) Plan
Irwin, PAAccommodation & Food Services3,548 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$99Employer $ per active participant
$637Employee $ saved per active participant
1.58%Direct admin cost, % of plan assets
$20.0MNet plan assets, end of year
$5,442Average balance per account
Score breakdown
- Employer generosity14.6 / 5029th percentile for employer $ per participant
- Low cost0.5 / 252th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 2th |
| Employee saving | 48th |
| Peers that auto-enroll | 15% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,301 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nutrition put in about $99 per active participant, below the typical peer ($244). 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.
- Direct plan expenses (1.58% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $350,842 |
| Participant (employee) contributions | $2,260,666 |
| Other contributions (incl. rollovers in) | $78,641 |
| Administrative expenses paid from the plan | $296,482 |
| Other admin expenses | $296,482 |
| Benefits paid out | $2,441,485 |
| Net assets, start / end of year | $17.6M / $20.0M |
| Active participants, start / end of year | 3,454 / 3,642 |
| Participants with account balances | 3,675 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lally & Co., LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $222,574 reported compensation |
| Definiti LLC | $110,205 reported compensation |
| Hapanowicz & Associates Financial | $44,153 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006140852NAL0001911715001, received 2025-10-06, EIN 25-1272788, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.