N.B. Handy Company, Inc.401(k)
THE SALARY REDUCTION THRIFT PLAN FOR EMPLOYEES OF N. B. HANDY COMPANY, INC · LYNCHBURG, VA · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
N.B. Handy Company, Inc. reported $62,822 in plan administrative expenses for 2023: 0.30% of average plan assets, above the peer median. Employer contributions averaged $1,409 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 1 year on file its reported administrative ratio rose from 0.22% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 925th-largest of 2,266 plans among Virginia employers on file, and the 1,736th of 4,246 in wholesale trade. In 2023, employees put in $2.54 for every $1.00 the employer contributed.
N.B. Handy Company, Inc.'s 2023 employer contribution ran below the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 540238570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.