Nab Holdings 401(k) match, vesting and fees
What Nab Holdings' 401(k) plan says about matching contributions
The adoption agreement calls for matching contributions equal to a percentage of participating employees’ contributions. Matching contributions equal to 50% of participant deferrals, limited to 8% of eligible employee compensation and capped at $3,500 annually, were made for the year ended December 31, 2023.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | 2023 audit report, p. 28 ↗ |
| Match vesting | Participants are immediately vested in their contributions (deferrals and rollovers) and earnings thereon. Vesting in employer matching contributions is based on years of continuous service at a rate of 25% per year. A participant is 100% vested after 4 years of credited service. Participants also become 100% vested upon death, disability, or attainment of normal retirement age. | 2023 audit report, p. 29 ↗ |
| Automatic enrollment | Employees who meet the eligibility requirements are automatically enrolled in the Plan at a deferral rate of 3%, which increases annually by 1%, up to a maximum of 10%. | 2023 audit report, p. 28 ↗ |
| Roth contributions | The Plan also allows participants to make after-tax Roth contributions. | 2023 audit report, p. 28 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum of the lesser of $50,000 or 50 percent of their vested account balance, subject to certain Department of Labor and IRS requirements. Loans are secured by the balance in the participant’s account and bear interest at a rate commensurate with prevailing prime rates. | 2023 audit report, p. 29 ↗ |
| Recordkeeper | Empower Annuity Insurance Company O | 2025 Schedule C ↗ |
| Independent auditor | Doeren Mayhew Assurance PC (unmodified opinion, limited scope) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2023 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 214 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Nab Holdings: employer contribution per participant | $1,760 | |
| Peer median | $3,266 |
| Nab Holdings: average balance | $66,226 | |
| Peer median | $137,177 |
| Nab Holdings: admin expenses ÷ assets | 0.27% | |
| Peer median | 0.08% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $39.7M at the end of plan year 2021 to $86.6M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 1,363 | $86.6M | $2.3M | $1,760 | 0.27% | Not published | Form 5500 ↗ |
| 2024 | 1,444 | $71.1M | $2.4M | $1,729 | 0.33% | Not published | Form 5500 ↗ |
| 2023 | 1,601 | $55.1M | $2.2M | $1,439 | 0.39% | Quoted in the audit report, p. 28 ↗ | Form 5500 ↗ |
| 2022 | 1,363 | $39.2M | $1.9M | $1,491 | 0.36% | Not published | Form 5500 ↗ |
| 2021 | 1,113 | $39.7M | $1.6M | $1,476 | 0.46% | Not published | Form 5500 ↗ |
Common questions
Does Nab Holdings match 401(k) contributions?
The audit report attached to the Nab Holdings, LLC 401(k) Plan's plan year 2023 Form 5500, page 28 says: “The adoption agreement calls for matching contributions equal to a percentage of participating employees’ contributions. Matching contributions equal to 50% of participant deferrals, limited to 8% of eligible employee compensation and capped at $3,500 annually, were made for the year ended December 31, 2023.” Plan terms may have changed; check your current Summary Plan Description.
When is the Nab Holdings 401(k) match vested?
The audit report attached to the plan year 2023 Form 5500, page 29 says: “Participants are immediately vested in their contributions (deferrals and rollovers) and earnings thereon. Vesting in employer matching contributions is based on years of continuous service at a rate of 25% per year. A participant is 100% vested after 4 years of credited service. Participants also become 100% vested upon death, disability, or attainment of normal retirement age.”
Who manages the Nab Holdings 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Empower Annuity Insurance Company O. The plan administrator is Nab Holdings, LLC.
I left Nab Holdings. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Nab Holdings, LLC, (734) 892-4815) or the recordkeeper, Empower Annuity Insurance Company O. The Nab Holdings old 401(k) page lists the contacts from every plan filing. Find an old Nab Holdings 401(k)
Data from the public Form 5500 annual reports Nab Holdings filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Nab Holdings. Not financial advice. Report a correction · Methodology