The Niello Company 401(k) Review & Grade
The Niello Company 401(k) Plan & Trust
Sacramento, CARetail Trade587 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,882Employer $ per active participant
$8,990Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$65.1MNet plan assets, end of year
$96,825Average balance per account
Score breakdown
- Employer generosity41.8 / 5084th percentile for employer $ per participant
- Low cost9.4 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 38th |
| Employee saving | 98th |
| 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
- Niello put in about $1,882 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.
- 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 | $1,104,578 |
| Participant (employee) contributions | $5,277,169 |
| Other contributions (incl. rollovers in) | $118,259 |
| Administrative expenses paid from the plan | $196,602 |
| Investment advisory & management fees | $139,159 |
| Other admin expenses | $1,812 |
| Benefits paid out | $5,394,224 |
| Net assets, start / end of year | $56.1M / $65.1M |
| Active participants, start / end of year | 541 / 633 |
| Participants with account balances | 672 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pomares & Co. |
Largest service providers (Schedule C)
| Captrust Investment Advisors | $139,159 reported compensation |
| Milliman, Inc. | $55,631 reported compensation |
| Charles Schwab Trust Bank | $11,388 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006134806NAL0003711665001, received 2025-10-06, EIN 94-2636553, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.