Plan Ledger DOL Form 5500 · updated monthly

Napco Security Technologies, Inc.401(k)

NAPCO SECURITY TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN · AMITYVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Napco Security Technologies, Inc. reported $100,894 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $943 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 has held roughly steady near 0.235%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,438th-largest of 5,648 plans among New York employers on file, and the 893rd of 4,246 in wholesale trade. In 2024, employees put in $6.52 for every $1.00 the employer contributed; active participation has grown from 262 to 290 since 2022.

Plan summary
Net assets, end of year$46,286,742
Participants with balances201
Active participants290
Employer contributions$273,511
Employee contributions$1,783,962
Employer contribution per active participant$943
Average account balance$230,282
Benefits paid to participants$2,221,153
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$46.3M · 201 accts · $274K emplr
2023$39.4M · 196 accts · $247K emplr
2022$32.8M · 190 accts · $241K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,329
Investment management$43,000
Trustee / custodial$20,565
Total administrative$100,894
The Napco Security Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$943
Median for plans this size$2,416
2024$943 per active participant
2023$930 per active participant
2022$921 per active participant

Napco Security Technologies, 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 · 20244
SENTINEL BENEFITS & FINANCIAL GRP · Recordkeeping$37,329
SENTINEL PENSION ADVISORS · Investment advisory (plan)$43,000
FIDELITY INSTITUTIONAL WEALTH SERVI · Custodial · Custodial (securities)$14,553
RELIANCE TRUST COMPANY · Trustee$6,009

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$100,894 · 0.24%
2023$88,619 · 0.25%
2022$86,843 · 0.24%
Similar plansWholesale Trade · New York
Hop Energy, LLC NY$47.0M · 0.15%
Nic Holding Corp. NY$46.5M · 0.12%
Clarins USA, Inc. NY$46.5M · 0.19%
Irr Supply Centers, Inc. NY$45.9M · 0.03%
Noco Energy Corp NY$44.2M · 0.15%
Sealing Devices Inc. NY$43.7M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112277818 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.