Nyx, Inc. 401(k) Review & Grade
Nyx, Inc. & Affiliates 401(k) Plan
Plymouth, MIManufacturing3,146 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$380Employer $ per active participant
$1,779Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$50.8MNet plan assets, end of year
$17,883Average balance per account
Score breakdown
- Employer generosity1.9 / 504th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 156th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 21th |
| Employee saving | 6th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $70,442 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nyx put in about $380 per active participant, below the typical peer ($3,452). 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 (0.32% 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 | $1,196,148 |
| Participant (employee) contributions | $5,596,632 |
| Other contributions (incl. rollovers in) | $33,495 |
| Administrative expenses paid from the plan | $149,619 |
| Investment advisory & management fees | $65,631 |
| Benefits paid out | $4,132,012 |
| Net assets, start / end of year | $42.4M / $50.8M |
| Active participants, start / end of year | 3,042 / 3,251 |
| Participants with account balances | 2,838 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $83,988 reported compensation |
| Rpa Financial LLC | $42,088 reported compensation |
| Flagstar Advisors | $23,543 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007143708NAL0011588002001, received 2025-10-07, EIN 38-2806132, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.