Skip to content
Grade My 401(k)
Built by Basic Capital
1 critical issue

National Rural Electric Cooperative Association

53-0116145· Arlington, VA· ADP· 2024 filing· vs 1 plans your size
D
0/100
Overall grade

Below average. Several areas need attention.

F
Fees
B
Financial Wellness
D
Plan design
D
Compliance
Fees

Your plan pays around 29 bps of assets per year. Similar plans pay around 8 bps. Your plan is more expensive than about 89% of similar plans.

F
cheaper89th percentilepricier
Financial Wellness

Strong savings. Employees put away $7,827/employee a year. That's more than 76% of similar plans.

B
lower76th percentilehigher
Plan design

Good base, but no automatic enrollment. That's the top thing to add.

D
Employer match
The plan matches employee contributions, the single strongest driver of participation and savings.
Profit sharing
The employer also makes profit-sharing contributions on top of the match.
No automatic enrollment
Employees have to opt in themselves. Auto-enrollment is the easiest way to lift participation, and most newly started plans are now required to include it.
Not safe harbor
The plan has to pass annual IRS nondiscrimination testing, which can cap what owners and higher earners are allowed to contribute.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
Brokerage window
Employees can invest beyond the core fund menu through a self-directed brokerage account.
Compliance & health

1 critical issue on the latest filing. These need attention.

D
Late employee deposits
Employee 401(k) deposits didn't reach the plan on time. The DOL treats this as a prohibited transaction, and it's one of the most common audit triggers. It needs a formal correction, not just a late deposit.
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
Compare

How does National Rural Electric Cooperative Association stack up against another company?

Search a competitor to see the two report cards side by side.

Prefer to use your EIN?

Recordkeeper
ADP

No provider notes available.

Key insights

  • Strongest area: financial wellness. Strong savings. Employees put away $7,827/employee a year. That's more than 76% of similar plans.
  • Best place to improve: fees. Your plan pays around 29 bps of assets per year. Similar plans pay around 8 bps. Your plan is more expensive than about 89% of similar plans.
Ask about your plan
Grounded in your Form 5500 data
Live

Try asking:

Shift+Enter for new line · Enter to send