Nuts.com, Inc. 401(k) Review & Grade
Nuts.com 401(k) Plan
Jersey City, NJRetail Trade610 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$962Employer $ per active participant
$1,882Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$11.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.9 / 5060th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 16th |
| Employee saving | 32th |
| Peers that auto-enroll | 48% |
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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
- Nuts.com put in about $962 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.62% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $587,016 |
| Participant (employee) contributions | $1,148,688 |
| Other contributions (incl. rollovers in) | $676,830 |
| Administrative expenses paid from the plan | $63,492 |
| Contract administrator fees | $23,656 |
| Investment advisory & management fees | $39,836 |
| Benefits paid out | $1,780,349 |
| Net assets, start / end of year | $9.3M / $11.2M |
| Active participants, start / end of year | 617 / 604 |
| Participants with account balances | 221 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Private Advisor Group | $39,836 reported compensation |
| The Vanguard Group, Inc. | $23,656 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015104256NAL0002160947001, received 2025-10-15, EIN 22-1157840, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.