Nvent Management Company 401(k) Review & Grade
Nvent Management Company Retirement Savings and Investment Plan
ST. Louis Park, MNManufacturing3,990 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,854Employer $ per active participant
$7,647Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$728.6MNet plan assets, end of year
$151,603Average balance per account
Score breakdown
- Employer generosity28.3 / 5057th percentile for employer $ per participant
- Low cost23.3 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 93th |
| Employee saving | 65th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Nvent Management put in about $3,854 per active participant, more than the typical peer ($3,452). 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.
- 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 | $15,379,042 |
| Participant (employee) contributions | $30,511,138 |
| Other contributions (incl. rollovers in) | $6,486,057 |
| Administrative expenses paid from the plan | $143,479 |
| Contract administrator fees | $1,800 |
| Other admin expenses | $24,460 |
| Benefits paid out | $85,394,410 |
| Net assets, start / end of year | $575.4M / $728.6M |
| Active participants, start / end of year | 3,474 / 4,506 |
| Participants with account balances | 4,806 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte and Touche LLP |
| Employer stock held by plan | $25,843,927 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $119,881 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250815131355NAL0010518417001, received 2025-08-15, EIN 82-3123161, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.