Plan Ledger DOL Form 5500 · updated monthly

Nalu Medical, Inc.401(k)

NALU MEDICAL, INC. 401(K) PLAN · CARLSBAD, CA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Nalu Medical, Inc. reported $25,697 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $14 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 rose from 0.03% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (4,952nd of 9,483), and 8,006th of 13,661 in manufacturing. In 2024, employees put in $725.82 for every $1.00 the employer contributed; active participation has grown from 160 to 227 since 2022.

Plan summary
Net assets, end of year$12,083,144
Participants with balances217
Active participants227
Employer contributions$3,116
Employee contributions$2,261,646
Employer contribution per active participant$14
Average account balance$55,683
Benefits paid to participants$550,328
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 217 accts · $3K emplr
2023$8.5M · 162 accts · $769 emplr
2022$5.3M · 114 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$988
Investment management$24,709
Total administrative$25,697
The Nalu Medical, Inc. 401(k) match · 2024
Employer contribution per active participant$14
Median for plans this size$2,416
2024$14 per active participant
2023$4 per active participant

Nalu Medical, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
CAMBRIDGE INVESTMENT RESEARCH · Investment advisory (plan)$23,360
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$988

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$25,697 · 0.25%
2023$16,252 · 0.24%
2022$1,660 · 0.03%
Same employer
Similar plansManufacturing · California
Intuity Medical, Inc. CA$12.3M · 0.03%
Aerometals, Inc. CA$12.2M · 0.09%
La Tortilla Factory CA$12.2M · 0.04%
The Ergo Baby Carrier, Inc. CA$12.2M · 0.56%
Lemo USA, Inc. CA$12.1M · 0.19%
Steven Label LLC CA$12.1M · 0.34%
Guayaki CA$12.0M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472189314 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.