Plan Ledger DOL Form 5500 · updated monthly

Nanotronics Imaging, Inc.401(k)

NANOTRONICS IMAGING, INC. 401(K) PLAN · CUYAHOGA FALLS, OH · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Nanotronics Imaging, Inc. reported $43,194 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $4,940 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 has held roughly steady near 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,195th of 3,295), and 9,633rd of 13,661 in manufacturing. In 2024, employees put in $2.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,074,481
Participants with balances114
Active participants75
Employer contributions$370,511
Employee contributions$789,940
Employer contribution per active participant$4,940
Average account balance$70,829
Benefits paid to participants$853,099
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$8.1M · 114 accts · $371K emplr
2023$6.8M · 135 accts · $501K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,194
Total administrative$43,194
The Nanotronics Imaging, Inc. 401(k) match · 2024
Employer contribution per active participant$4,940
Median for plans this size$1,313
2024$4,940 per active participant
2023$5,271 per active participant

Nanotronics Imaging, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$43,194
NFP RETIREMENT INC. · 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 history2
2024$43,194 · 0.58%
2023$35,843 · 0.61%
Similar plansManufacturing · Ohio
Republic Wire Inc. OH$8.1M · 0.18%
Radix Wire & Cable, LLC OH$8.1M · 0.34%
Neyra Industries, Inc. OH$8.1M · 0.38%
Zimmer Surgical, Inc. OH$8.0M · 0.02%
Foam Seal, Inc. OH$7.9M · 0.66%
A&P Tool, Inc. OH$7.9M · 0.69%
Ada Technologies, Inc. OH$7.8M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800966847 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.