Plan Ledger DOL Form 5500 · updated monthly

Freese and Nichols, Inc.401(k)

THE RETIREMENT PLAN AND TRUST FOR THE EMPLOYEES OF FREESE AND NICHOLS, INC. · FORT WORTH, TX · plan year 2024

Reported admin expense ratio · 2024
0.09%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Freese and Nichols, Inc. reported $237,357 in plan administrative expenses for 2024: 0.09% of average plan assets, above the peer median. Employer contributions averaged $5,839 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.10% to 0.09%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 315th-largest of 5,688 plans among Texas employers on file, and the 613th of 11,654 in professional & technical services. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has grown from 1,036 to 1,261 since 2022.

Plan summary
Net assets, end of year$274,571,913
Participants with balances1,576
Active participants1,261
Employer contributions$7,362,777
Employee contributions$14,007,981
Employer contribution per active participant$5,839
Average account balance$174,221
Benefits paid to participants$20,132,861
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$274.6M · 1,576 accts · $7.4M emplr
2023$241.2M · 1,460 accts · $6.1M emplr
2022$195.3M · 1,333 accts · $5.3M emplr
The Freese and Nichols, Inc. 401(k) match · 2024
Employer contribution per active participant$5,839
Median for plans this size$4,294
2024$5,839 per active participant
2023$5,315 per active participant
2022$5,124 per active participant

Freese and Nichols, Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$200,945
VANGUARD ADVISERS INC. · Investment advisory (participants)$36,620

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$237,357 · 0.09%
2023$230,484 · 0.11%
2022$216,080 · 0.10%
Same employer
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Fugro (USA) Holdings Inc TX$306.6M · 0.28%
Hks, Inc. TX$290.9M · 0.04%
Winstead PC TX$286.3M · 0.07%
Bracewell LLP TX$258.0M · 0.02%
Musarubra US, LLC TX$251.0M · 0.00%
Cdi Corporation TX$239.1M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751531935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.