The Neiman Marcus Group LLC 401(k) Review & Grade
The Neiman Marcus Group LLC Retirement Savings Plan
Dallas, TXRetail Trade9,764 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,753Employer $ per active participant
$5,235Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$100,163Average balance per account
Score breakdown
- Employer generosity46.7 / 5093th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 74th |
| Employee saving | 89th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,016 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Neiman Marcus Group put in about $2,753 per active participant, more than the typical peer ($650). 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 | $26,883,167 |
| Participant (employee) contributions | $51,110,235 |
| Other contributions (incl. rollovers in) | $3,685,098 |
| Administrative expenses paid from the plan | $773,801 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $58,431 |
| Benefits paid out | $148,304,694 |
| Net assets, start / end of year | $1.2B / $1.4B |
| Active participants, start / end of year | 9,861 / 9,666 |
| Participants with account balances | 13,919 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $715,634 reported compensation |
| Strategic Advisors, Inc. | $58,431 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250509135535NAL0013358097001, received 2025-05-09, EIN 95-4119509, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.