Plan Ledger DOL Form 5500 · updated monthly

Nammo Incorporated401(k)

NAMMO US 401(K) PLAN · MESA, AZ · plan year 2025

Reported admin expense ratio · 2025
0.27%

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

Nammo Incorporated reported $176,002 in plan administrative expenses for 2025: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,682 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 3 years on file its reported administrative ratio fell from 0.31% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other manufacturing employers. By assets it is the 144th-largest of 1,285 plans among Arizona employers on file, and the 2,400th of 13,661 in manufacturing. In 2025, employees put in $1.42 for every $1.00 the employer contributed; active participation has grown from 577 to 862 since 2022.

Plan summary
Net assets, end of year$72,480,666
Participants with balances1,012
Active participants862
Employer contributions$3,174,073
Employee contributions$4,500,402
Employer contribution per active participant$3,682
Average account balance$71,621
Benefits paid to participants$7,674,903
Plan auditUnmodified (clean) audit opinion
AuditorMETZ CPA
Plan history4
Yearassets · accounts · employer contribution
2025$72.5M · 1,012 accts · $3.2M emplr
2024$60.1M · 928 accts · $2.5M emplr
2023$50.6M · 660 accts · $2.0M emplr
2022$38.5M · 626 accts · $1.9M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$176,002
Total administrative$176,002
The Nammo Incorporated 401(k) match · 2025
Employer contribution per active participant$3,682
Median for plans this size$4,093
2025$3,682 per active participant
2024$3,167 per active participant
2023$2,887 per active participant
2022$3,378 per active participant

Nammo Incorporated's 2025 employer contribution ran below the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$176,001
METZ & ASSOCIATES, PLLC · Accounting / auditindirect comp
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history4
2025$176,002 · 0.27%
2024$148,618 · 0.27%
2023$145,916 · 0.33%
2022$126,549 · 0.31%
Similar plansManufacturing · Arizona
Sunstate Equipment Co., LLC AZ$164.0M · 0.19%
Sumco Phoenix Corporation AZ$160.1M · 0.12%
Tessenderlo Kerley, Inc. AZ$96.4M · 0.01%
Universal Electronics, Inc. AZ$68.0M · 0.16%
Tsmc Arizona Corporation AZ$62.0M · 0.12%
Nikola Corporation AZ$58.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541959359 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.