Plan Ledger DOL Form 5500 · updated monthly

Nab Holdings, LLC401(k)

NAB HOLDINGS, LLC 401(K) PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Nab Holdings, LLC reported $208,436 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,157 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 0.36% to 0.33%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 386th-largest of 2,619 plans among Michigan employers on file, and the 1,286th of 4,798 in finance & insurance. In 2024, employees put in $3.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$71,068,997
Participants with balances1,398
Active participants1,121
Employer contributions$2,417,780
Employee contributions$9,301,209
Employer contribution per active participant$2,157
Average account balance$50,836
Benefits paid to participants$6,865,376
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$71.1M · 1,398 accts · $2.4M emplr
2023$55.1M · 1,550 accts · $2.2M emplr
2022$39.2M · 1,306 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$208,436
Total administrative$208,436
The Nab Holdings, LLC 401(k) match · 2024
Employer contribution per active participant$2,157
Median for plans this size$3,635
2024$2,157 per active participant
2023$1,961 per active participant
2022$1,802 per active participant

Nab Holdings, LLC's 2024 employer contribution ran below the $3,635 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 · 20241

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

Administrative cost history3
2024$208,436 · 0.33%
2023$185,463 · 0.39%
2022$143,440 · 0.36%
Same employer
Similar plansFinance & Insurance · Michigan
United Federal Credit Union MI$83.9M · 0.28%
Genisys Credit Union MI$83.9M · 0.15%
Hantz Group Inc. MI$82.3M · 0.10%
Northpointe Bank MI$68.1M · 0.39%
Home Point Capital Inc. MI$65.6M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453514691 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.